AELEX Quarterly

THE FIRM

ǼLEX is a full service commercial and litigation law firm. It is one of the largest law firms in West Africa with offices in Lagos, Port Harcourt and Abuja in Nigeria and Accra, Ghana.

We merge local legal expertise and presence, political and industry wide connections with an appreciation of global standards and demands.

FIRM NEWS

  • LEVERAGING NIGERIA'S EMERGING ECONOMIC MIGHT TO DRIVE ARBITRATION IN AFRICA

    Arbitration practice in Africa has not taken off as hoped. Foreign Parties and practitioners still view Africa with suspicion. This article acknowledges that there are persisting concerns about the competence of African practitioners and indeed whether African legal systems can be trusted.  The article also argues that the challenge with these views about Africa are that they proceed from perceptions of Africa that do not reflect all the truth about the progress Africa has made to address the questions of competence and capacity, as well as improving its legal systems.

    While progress has been made in the areas of capacity building in Africa using Nigeria as a case study, very little progress has been made in terms of attracting or retaining arbitrations in Africa.  Critically for Africa usually those who might wish to retain arbitration in Africa have often been African parties who are in weaker bargaining positions during contract negotiations. Foreign businesses ensure that very little African content is included in the dispute resolution clauses of contracts. But this paper argues that the trends are beginning to change, with Nigerian businesses growing and expanding strongly across Africa. Further, it is argued that Nigeria has enjoyed remarkable economic growth and has shown maturity in its democracy sufficiently to alter the negative narratives.

    Please click here to download the article.

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  • LOCAL NEWS

    • FG reduces mining licences award timeframe to 40 days.

      The Federal Government has vowed to checkmate the actions of unscrupulous individuals in the Solid Minerals sector, who are fuelling insecurity in the country.

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    • DMO to Appoint Legal, Technical Advisers for Eurobond.

      The Debt Management Office (DMO), on behalf of the federal government, has commenced the process of appointing two international banks as joint lead managers and a local bank as financial adviser for the planned Federal Government Medium Term Note (FGMTN) Programme (2016-2018) as well as the issuance of $1 billion out of the $4.50 billion FGMTN programme in 2016.

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