Interocean hoping for ruling againstrnAbuja at ICSID by year end

摘要

The request, formulated mid-August ( AEI 799),rnby the Nigerian State to revoke the three arbitratorsrnassigned to the case pitting it against InteroceanrnOil Development Co and Interocean OilrnExploration Co before the ICSID (InternationalrnCentre for Settlement of Investment Disputes) hasrnbeen rejected. As a result, the procedure resumedrnon October 3. The Italian Fabbri family, owner ofrnthe two oil juniors, is hoping that the threernarbitrators, William Park, Julian Lew and EdwardrnTorgbor, will deliver their verdict before the end ofrnthe year. According to the Fabbri family and itsrnlawyers, all of the hearings scheduled for thernproceedings have already been held.