At the heart of the Nigerian government’s $1.7bn case against JP Morgan Chase Bank North America in London’s High is the claim that JPM breached Quincecare duties when it transferred $875.7m in a pair of transfers to Nigerian bank accounts controlled by Malabu Oil and Gas in relation to the OPL 245 oil block. African Energy explains what these duties are and what questions the court will need to answer to decide the claim.
Subscribe to African Energy
African Energy is a brand of
