Appeal Court Overturns Judgment In $25m Loan Dispute, Validates Foreign Jurisdiction Clause

WIRE — The Court of Appeal has overturned a Lagos High Court judgment in favour of Panasonic Industries Limited, upholding Afreximbank's right to recover a $25 million loan in US dollars and endorsing the agreement that disputes should be resolved in English courts. The appellate court, presided over by Justice Yargata Nimpar, ruled in favour of Afreximbank

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