Federal Judge Converts London Arbitration Award Amounts To U.S. Currency

WASHINGTON, D.C. - A District of Columbia federal judge on March 26 granted a Nigerian corporation's request to amend a judgment that confirmed a $252 million London arbitration award in its favor and against the federal government of Nigeria, converting certain amounts that were awarded in foreign currency to U.S. dollars (Continental Transfert Technique Limited v. Federal Government of Nigeria, et al., No. 08-2026, D. D.C.; 2011 U.S. Dist. LEXIS 85016).