NIGERIA IMS wins bout against political-savvy Ifeanyi Ubah

摘要

George Gialozoglou, the Greekrnowner of ship management companyrnIMS, has won a small victory beforernLondon’s Royal Courts of Justice in hisrndispute against Nigerian businessmanrnIfeanyi Ubah’s firm Capital Oil & GasrnIndustries. The courts have acceptedrnthe ship-owner’s line of argument, rulingrnthat the agreement between the twornparties in 2013, under the terms of whichrnCapital Oil was to pay IMS $6 million inrndamages, was binding.