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 [...]
AELEX represented the Shell Petroleum Development Company (SPDC) in a landmark decision involving the renewal of the Oil Mining Licence 11 (OML 11). At the Federal High Court, SPDC was successful as the Court entered judgment [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The Court of Appeal has on 10 March 2017 confirmed that the jurisdiction of the Tax Appeal Tribunal, which is an administrative appellate body over tax disputes as set out in the Federal Inland Revenue Service [...]
ǼLEX is proud to be one of the sponsors of the 12th Annual Business Law Conference of the Nigerian Bar Association Section on Business Law (NBA SBL) scheduled to hold at the Transcorp Hilton Hotel, Abuja from [...]
The Federal High Court Lagos ("FHC”), delivered a ruling in Suit No.: FHC/L/CP/540/2012 RRSAT Global Communications Networks Limited v Daar Communications Plc, affirming its jurisdiction to hear a petition for the winding up of a company [...]
