£43M Legal Bill Case Shows Courts' View On Exchange Rates

By Francis Kendall (September 9, 2024, 3:13 PM BST) -- In a July decision in Process & Industrial Developments Ltd. v. The Federal Republic of Nigeria, the Court of Appeal refused to change the currency used in the payment of the Nigerian government's legal costs in a long-running fraud case. In doing so, the Court of Appeal acted fairly and consistently. Experience shows that the costs bill was always unlikely to be converted from British sterling to Nigerian naira....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!