When project owners refuse to pay contractors or have denied them access to the construction sites, contractors react in several ways. One such reaction is to suspend further performance of works until payment is made [...]
In February 2021, the Central Bank of Nigeria (the “CBN”) released the Regulatory Framework for Open Banking in Nigeria (the “Open Banking Framework”) to provide an enabling regulatory environment for provision of innovative and customer-centric financial [...]
ǼLEX is pleased to have successfully canvassed the position of law on the sanctity of a foreign jurisdiction clause in the contract of parties. The High Court of Lagos State in Suit No: LD/ADR/3116/2020- Sqimnga Nigeria [...]
Despite its volatile nature and its unstable price, cryptocurrency appears to have garnered a very wide level of acceptance over the years. According to Statista, as at May 12th, 2022, the value of the world [...]
The question of what constitutes trademark infringement in Nigeria is fundamental in the protection of intellectual property rights. On 10th March 2022, the Federal High Court sitting in Abuja delivered two judgements and established certain principles [...]
In today’s world, social media influencing has become a very lucrative venture. From Cristiano Ronaldo (who stands out as the highest-paid Instagram influencer in the world) earning a pay ranging from $619,497 to $1,000,000 per sponsored post to [...]
On Tuesday, 10 May 2022 the Nigerian Senate passed the Arbitration and Mediation Bill (“the Bill”), which will repeal the Arbitration and Conciliation Act Chapter A.18, Laws of the Federation of Nigeria, 2004 which became [...]
Alternative dispute resolution (ADR) is fast becoming popular as a relatively easier method of resolving intellectual property (IP) and technology (tech) disputes. This is apparent from the rising number of IP and tech disputes handled [...]
Following the celebration of #WorldIPDay, we examine the growth of the Nigerian creative industry, identify ways to protect creativity and innovation in Nigeria, and suggest areas of improvement for the protection of IP rights in Nigeria. [...]
AELEX celebrates the young innovators breaking boundaries! We hope you will keep birthing ideas and churning out inventions to better your world and we remain committed to supporting you all the way! Happy World Intellectual Property [...]
Download pdf Following the approval granted by the President of the Federal Republic of Nigeria – President Muhammadu Buhari, the Ministry of Communications and Digital Economy on the 4th [...]
When delay claims in construction disputes are referred to arbitration, parties invite experts (delay or quantum experts) to substantiate their delay claims. In supporting parties’ delay claims, these experts adopt several delay analysis methods to [...]
Pursuant to the powers conferred on the National Insurance Commission (the “Commission”) by the National Insurance Commission Act 1997 (the “NAICOM Act”), the Commission recently issued the Insurance Web Aggregators Operational Guidelines (the “Guidelines”). [...]
Download pdf Introduction In its drive to regulate digital/virtual assets, the Securities and Exchange Commission (SEC) has released Proposed Rules for Registration of Virtual Asset Service Providers (VASPs) and Proposed Rules on Issuance, Offering [...]
While there is a lot of interest and fascination surrounding existing digital assets, like cryptocurrencies and non-fungible tokens (“NFTs”), many individuals and corporations are ramping up their efforts to market and provide virtual goods and [...]
AELEX is the exclusive contributor on the Nigerian Chapter of the 12th edition of The Inward Investment and International Taxation Review. The guide provides an overview of tax laws and regulations applicable in Nigeria and [...]
The Lagos Division of the Federal High Court recently examined the respective roles of the Minister of Interior and the Registrar of Marriages with respect to the conduction of statutory marriages. Contrary to many reports, [...]
In a landmark judgement delivered on 10th March 2022, the Federal High Court sitting in Abuja dismissed an Appeal seeking to set aside the ruling of the Registrar of Trademarks in respect [...]
The increased deployment of fibre optic technology within the telecommunications sphere in Nigeria foregrounds the necessity for adequate regulation of the operation, installation, and deployment of fibre optic cables across the country by telecommunication companies. [...]
We are proud to announce that AELEX, has once again been recognised for its expertise across Nigeria and Ghana, by Chambers and Partners. In the 2022 edition of Chambers Global, several of the firm’s lawyers achieve [...]
