Dear sir/madam, We trust this email meets you well. Please be informed that there have been a few regulatory updates in the Nigeria data protection space recently that may affect your business as a data [...]
The NDPB released a compliance notice (“Notice”) on 13 October 2022, which contained additional compliance requirements for data controllers under the National Data Protection Adequacy Programme (“NaDPAP”) Whitelist. We have highlighted some of these updates [...]
On 6 October 2022, the NDPB released the Data Protection Bill 2022 (“the Bill”). The Bill appears to be a beacon of hope for a final legislation on the subject, as the National Commissioner of [...]
AELEX is pleased to note that the President of the Federal Republic of Nigeria has given his assent and the Nigeria Startup Act (NSA) has now been signed into law. The NSA is a joint [...]
On 6 October 2022, the Nigeria Data Protection Bureau (“NDPB”) released the Data Protection Bill 2022 (“the Bill”). In this article, our Ifeoluwa Ebiseni, Nenjom Asuk and Ademayowa Borokinni examine the Bill and highlight the attendant issues [...]
In recent times, Buy Now Pay Later (BNPL) arrangements have witnessed a huge surge, recording almost 400% global growth between 2019 – 2021, and expected to further increase by over $480 billion between 2021 – 2026
Startup Acts have proven themselves to be a veritable tool in spurring/maintaining development of startup ecosystem. As such, the Nigerian Startup Act (the “Act”), a product of an impressive startup ecosystem, stakeholder engagement and regulatory foresight, which has just received presidential assent has quite the big shoe to fill.
An M&A deal can be described as a marathon. The process from initial negotiations to drafting term sheets, conducting due diligence, negotiating and eventually, the signing and closing (or completion) of the transaction documents is [...]
Determining the Role of Law in Automated Transactions Smart Contracts, a blockchain-based solution that ensure automatic performance of the terms of contracts, hold a great deal of potential in redefining the [...]
Retirement Saving Account (“RSA”) holders can now access 25% of their RSA balance towards making equity contribution for residential mortgages in Nigeria. This was contained in a statement released by Nigeria’s pensions regulator, the National [...]
ǼLEX Partners, a leading law firm with offices in Lagos, Abuja, Port Harcourt and Accra, has admitted two new partners into the practice with effect from 6th September 2022. The appointments reflect the firm's culture [...]
An application software (app) is a program designed to help customers perform activities. These apps, which are usually on our electronic devices, are used to control several things ranging from health & fitness, music, movies, online [...]
You are invited to AELEX & ENSafrica’s joint webinar discussing 'Third party funding in international arbitration – recent trends and developments' taking place on Wednesday 7 September at 12:00pm GMT. Although largely unregulated, third-party funding in [...]
Our Davidson Oturu recently co-authored a peer reviewed publication with the Director General of the National Institute for Pharmaceutical Research and Development (niprd), Dr Obi Peter Adigwe, in the Public Library of Science (PLOS) Global Public Health Journal. [...]
Cryptocurrencies have risen to prominence in recent times and are expected to remain a fixture in the fintech landscape. Stablecoins are perhaps the most promising category of cryptocurrency as they combine the innate advantages/promises [...]
On 27 June 2022, AELEX secured a landmark judgement for Accugas Limited (“Accugas”) at the Abuja Division of the Federal High Court (“the “FHC) by moving the FHC to hold that the Finance Act, 2019 [...]
Our Managing Partner, Adedapo Tunde-Olowu, SAN, FCIArb, FCTI and senior associate, Oluwaseun Philip-Idiok recently authored the 2022 edition of the Global Arbitration Review (GAR) Know-How on Commercial Arbitration in Nigeria The publication provides a detailed review of substantive and procedural laws [...]
The general public has expressed its distrust for the NITDA’s Code of Practice (Code) for interactive computer service platforms/ internet intermediaries. Specifically, the public has expressed concerns that the Code is yet another attempt by [...]
