Timi Balogun

International Arbitration

• Represented the Nigerian National Petroleum Corporation in disputes surrounding a US$2 billion commercial arbitration launched by a Chinese state-owned company.
• Represented the Nigerian government in efforts across multiple jurisdictions to resist the recognition and enforcement of a US$10 billion award in favour of a British Virgin Islands entity.
• Represents the Nigerian government in the defence of a major investment treaty arbitration claim at the International Centre for Settlement of Investment Disputes surrounding licence arrangements to one of the most prolific oil fields in sub-Saharan Africa.
• Led the team that recently successfully defended a Nigerian state entity in enforcement proceedings brought in respect of a Nigerian arbitration award before the Technology and Construction Court in London.
• Representing a national oil company in the protection of assets based in the UK from enforcement by a foreign arbitral award creditor on an alter-ego liability basis.

Infrastructure Projects

• Advising Ghana National Petroleum Corporation on the development of the Offshore Cape Three Points integrated project for developing fields of oil and non-associated gas.
• Advising the project sponsors on the development of two solar power projects in Nigeria valued at US$70 million and US$120 million respectively.
• Leading the legal team that advised the sponsor on the winning bid for the concession of the Red Line of the Lagos State Light Rail Project in Nigeria.
• Advising the Nigerian government on a legal feasibility analysis on the fast-track revitalisation project of the Nigerian Railway Corporation through the use of private sector debt capital to leverage the government’s budgetary allocations.
• Leading the legal team that advised the Nigerian Minister of Transport on the development of a framework that has now been implemented in the concession of 10 federal roads in Nigeria and advised the Nigerian Minister of Works on the funding proposal for the development of the 126km Lagos-Ibadan road project.
• Reviewing on behalf of the Federal Ministry of Finance, the terms and conditions of the China Exim loan facility of US$500 million granted to the Nigerian government; participating in the appraisal and evaluation of projects intended to meet the eligibility criteria as set out under the facility.
• Advising a wholly owned UK subsidiary of a national oil company on corporate matters, including entity structures and hierarchies relating to an overall reorganisation.
• Advising on a US Agency for International Development (USAID), Development Credit Authority (DCA) guarantee funding for a sub-national government loan programme.
• Advising the Anglian Water Group (UK, FTSE 250) on procurement for capital investment programmes in water and wastewater projects and associated infrastructures.