A court in Paris, France has ordered the seizure of three jets belonging to the Nigerian government over a dispute involving an arbitration award in favour of Zhongshan Fucheng Industrial Investment Co. Ltd, a Chinese firm.
The court ruled that the firm should use the three jets at the Paris-Le Bourget and Basel-Mulhouse international airports “as security for its claim of EUR 74,459,221”.
According to the court order, the court held that the seizure is to “preserve the claim arising from the arbitration award dated 26 March 2021, made by an ad hoc arbitral tribunal.”.
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The seized jets, two of which have been put on sale by the federal government are Dassault Falcon 7X, with registration number 5N-FGU, Boeing 737-7N6/BBJ, with registration number 5N-FGT, and Airbus A330-243, with registration number 5N-FGA.
