EVERLEGAL represented UK corporate lender before the LCIA

EVERLEGAL represented UK corporate lender in connection with a dispute about payback of a loan for the amount of USD 19,632,061 provided by the client to a Nigerian borrower.

The matter has been brought to LCIA after several attempts to resolve amicably. The dispute has been resolved by the arbitrator in favour of the client. The award has been filed for recognition and enforcement in Nigeria. The recognition and enforcement proceedings are ongoing.