Court affirms judgment restraining LADOL from interfering in Samsung’s operations

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A Lagos High Court in Igbosere has dismissed an application by Global Resources Management Limited and LADOL Free Zone seeking to stay the j

udgment of the court delivered five months ago in a suit between it and Samsung Heavy Industries Nigeria Limited and its subsidiary SHI-MCI FZE.

SHI had sued LADOL for allegedly abusing its position and regulatory powers as a free zone manager in clear conflict of interest with its personal business interest. According to SHI: ”The judgment will allow Samsung to continue to provide services vital to the Egina project and Nigerian oil production.

“It is binding on LADOL and prevents it from unlawfully evicting Samsung from the fabrication yard or interfering with Samsung’s proprietary rights under its sub-lease.”

 

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