Case Details

Korea National Oil Corporation, KNOC Nigerian West Oil Company Limited, and KNOC Nigerian East Oil Company Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/23/19)

Subject of Dispute:

Oil and gas enterprise
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

BIT Nigeria - Korea, Republic of 1997
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Korea National Oil Corporation (Korean), KNOC Nigerian West Oil Company Limited (Nigerian), KNOC Nigerian East Oil Company Limited (Nigerian)
Respondent(s):

Federal Republic of Nigeria (Nigerian)
Date Registered:

June 8, 2023
Date of Constitution of Tribunal:

September 8, 2023

Composition of Tribunal

President:

Gabrielle KAUFMANN-KOHLER (Swiss) - Appointed by the Parties
Arbitrators:

Klaus SACHS (German) - Appointed by the Claimant(s)
Loretta MALINTOPPI (Italian) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Allen & Overy, London, U.K., Singapore and Hong Kong, China
Templars, Lagos, Nigeria
Respondent(s):

Federal Ministry of Justice, Abuja, Nigeria
White & Case, Paris, France and London, U.K.
Kunle Adegoke & Co, Lagos, Nigeria
Language(s) of Proceeding:

English
Status of Proceeding:

Pending
Latest Development:

March 4, 2024 - The Claimants file a memorial on the merits.

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Available on the ICSID Website

Procedural Order No. 1 (November 7, 2023) English (Original)

(a) Original Proceeding

Date	Development
June 8, 2023	The Secretary-General registers a request for the institution of arbitration proceedings.
August 3, 2023	Following appointment by the Claimants, Klaus Sachs (German) accepts his appointment as arbitrator.
August 9, 2023	Following appointment by the Respondent, Loretta Malintoppi (Italian) accepts her appointment as arbitrator.
September 8, 2023	Following appointment by agreement of the parties, Gabrielle Kaufmann-Kohler (Swiss) accepts her appointment as presiding arbitrator.
September 8, 2023	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Gabrielle Kaufmann-Kohler (Swiss), President, appointed by agreement of the parties; Klaus Sachs (German), appointed by the Claimants; and Loretta Malintoppi (Italian), appointed by the Respondent.
November 6, 2023	The Tribunal holds a first session by video conference.
November 7, 2023	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
March 4, 2024	The Claimants file a memorial on the merits.