AITEO EASTERN E&P COMPANY LTD V SHELL WESTERN SUPPLY AND TRADING LTD AND OTHERS

[2024] EWHC 1993 (Comm), King's Bench Division, Commercial Court, Mr Justice Jacobs, 1 August 2024

Arbitration – Serious irregularity – Apparent bias – Significance of disclosure – Waiver – Extension of time – Arbitration Act 1996, sections 68, 70 and 80

In September 2014 Aiteo entered into an Offshore Facility Agreement with Shell and an Onshore Facility Agreement with a number of lenders, providing funding of some US$2 billion to Aiteo for the purchase of an interest in certain Nigerian oil fields and related facilities.