Judgment was delivered on 22 October 2018 by Hon. Justice Olaterogun of the Federal High Court in favour of The Chartered Institute of Arbitrators (UK) (the Plaintiff) against a body that described itself as The Chartered [...]
The Energy Sustainability Conference 2018 held on 11th of October at the Oriental Hotel in Lagos (Nigeria). It featured panel discussions and specialist sessions on the various segments of the Nigerian energy sector. Mr Soji Awogbade, [...]
Mr ‘Soji Awogbade Partner of our Energy practice has been conferred with a Fellowship, the highest professional membership grade of the Energy Institute. The conferment was done during the Energy Sustainability Conference Dinner (ESC 2018) which [...]
Repurchase agreements ('repos') are undertakings where a party buys securities from a counterparty for a specified price with an agreement that the counterparty will repurchase the securities at a later date. A reverse repo is the [...]
ǼLEX contributed to the Nigerian Chapter on Franchising in the 2019 edition of INTERNATIONAL COMPARATIVE LEGAL GUIDE. The Guide covers common issues in franchise laws and regulations including Competition Law, Real Estate and the protection of [...]
One of the many ways in which a company can encourage its employees to contribute to its success is to align the employees’ financial interest with that of the company. This alignment can be achieved by [...]
Approved by the Federal Executive Council in July 2017, the National Petroleum (Oil) Policy (the 'Policy') highlights the Nigerian government's intention to move the Nigerian economy away from dependence on crude oil as its major source [...]
Value Added tax (VAT), sales tax, and hotel occupancy and restaurant consumption tax are forms of consumption taxes whose economic burden rests on the final consumer. The constitutional basis for imposing consumption taxes has been challenged [...]
Representations, covenants and events of defaults (the “Core Clauses”) are the foundations of loan agreements, and a number of these clauses are often found in a loan agreement. Unfortunately, their importance could be easily overlooked when [...]
Patents are exclusive time-bound rights given to an inventor by a government where such inventor successfully demonstrates that his disclosed invention is novel (new) and capable of industrial application.One of the goals of the patent registration [...]
Islamic financing has gained ground in Nigeria in recent times. Further to this, Islamic finance institutions are being set up and the government at both state and federal levels have issued sukuk bonds. Indeed, the Nigerian [...]
ǼLEX emerged as the winner in the Law Firm category in the finals of the 2nd Lagos Court of Arbitration Young Arbitrators Network (LCA-YAN) International Arbitration Moot Competition which held on Friday 27 July 2018. ǼLEX [...]
In September 2013, the Nigerian Electricity Supply Industry (NESI) was privatised. Six generation companies (GENCOS) and 11 distribution companies (DISCOS) were sold to investors who acquired a minimum of 60% of the shares of each company. [...]
In a bid to tackle cyber-related crimes in Nigeria, the Government passed the Cybercrime Prohibition, Prevention, etc.) Act 2015 (the “Law”) into law. Section 44 of the Law creates the Cyber Security Fund and directs the payment into it [...]
The Nigerian economy has witnessed an influx of funding and the resultant growth in the creative and information technology (CIT) industry. In 2017, the rise of activity in the Nigerian tech space attracted Mark Zuckerberg, the [...]
Aviation & Maritime Partner, Mr. Lawrence Fubara Anga, will be appearing (along with a panel of aviation experts) on CNBC by 1pm on 9th July 2018. He will be discussing on the subject “Opening Africa’s [...]
This year's Nigeria Oil & Gas Conference & Exhibition (NOG) is scheduled for 2nd – 5th July 2018 at the International Conference Centre, Abuja. The theme of the conference is “Driving Nigeria’s Oil & Gas Industry [...]
Litigation or the process of dispute resolution is termed to be a very serious process. It is the process that potentially culminates in the determination of parties’ rights and liabilities, which could be of enormous consequence. [...]
In October 2017, Nigeria’s National Identity Management Commission (the Commission) which was established under the National Identity Management Commission Act 2007 (the Act) issued regulations titled “Mandatory Use of the National Identification Number Regulations, 2017” (the [...]
