Artificial intelligence (AI) is driving innovation and as technology advances, so too does the ability to use AI in diverse ways. This has led to the recent uptrend in AI deployment by start-ups and large [...]
ǼLEX Partner, Mrs. Funke Adekoya SAN, has been appointed as a member of the Expert Study Group commissioned to coordinate the conduct of the Commonwealth International Arbitration Study. The appointment comes on the heels of the [...]
Introduction A local company which intends to employ foreigners in Nigeria is required to assume immigration formalities as well as certain responsibilities for such employees. This entails obtaining several approvals and permits required by the Nigeria [...]
INTRODUCTION The Companies and Allied Matters Act Chapter C20 Laws of the Federation of Nigeria 2004 (CAMA) was enacted in 1990. Although it was an improvement of the repealed Companies Act 1968, it can be [...]
INTRODUCTION The doctrine of legitimate expectation demands that a public authority respects and applies its stated position or sustained practice in exercising its powers. It is a principle of fairness in the exercise of public powers [...]
INTRODUCTION In March 2018, the Court of Appeal upheld the ruling of the Federal High Court (the trial Court) and decided that the National Oil Spill Detection and Response Agency (NOSDRA) acted beyond its statutory powers [...]
INTRODUCTION Through the years, Nigeria has lacked comprehensive legislation which protects against the misuse and mismanagement of personal data. However, on 28th January 2019, the National Information Technology Development Agency’s (NITDA) took a bold step towards [...]
ǼLEX is pleased to announce that its Intellectual Property Practice has been recognised in the 2019 edition of the World Trademark Review (WTR) 1000. This listing is yet another endorsement of our IP team’s hard [...]
On 6th February 2019, President Muhammadu Buhari signed the Federal Competition and Consumer Protection Bill into law. The new Act establishes the Federal Competition and Consumer Protection Commission (‘the Commission”) as well as the Consumer [...]
The Nigerian Code of Corporate Governance (the “Code”) was issued in 2018 by the Financial Reporting Council of Nigeria (the “FRCN”) pursuant to Sections 11(c) and 41(c) of the Financial Reporting Council of Nigeria Act, [...]
On 30th January, 2019, The Coca-Cola Company, the world’s largest beverage company, completed its acquisition of a 100% stake in C.H.I. Limited, one of Nigeria’s foremost fruit juice and drinks manufacturers. The transaction was structured [...]
One of our Partners in the IP & TMT Practice Group, Davidson Oturu LL.M, has received an individual recommendation in the 2019 rankings by the "World Trademark Review 1000 – The World’s Leading Trademark Professionals”. [...]
AELEX Insol team Members of our Insolvency Practice Group recently contributed an article to the INSOL World 4thQuarter 2018 publication. The article is titled ‘Insolvency Law Reforms in Nigeria – Where are we Going?’ The authors [...]
The perception about African economies appears to be changing as investors are increasingly taking an interest in participating in Africa's capital markets through the use of Depositary Receipts (DRs). An analysis of a series of surveys [...]
Our Davidson Oturu LL.M, Tiwalola Osazuwa and Frances Anaekwe are the contributors to the Nigerian chapter of the recently published Thomson Reuters Practical Law Global Guide on Franchising. The publication examines the different models of local [...]
It has become commonplace for litigants and their counsel to routinely file applications for the extension of time stipulated by the various rules of courts within which they are required to perform certain acts. Filing an [...]
ǼLEX is proud to announce that one of its partners, Davidson Oturu , has been appointed by the Nigerian Securities and Exchange Commission (SEC) to the committee tasked with setting up a roadmap for the implementation [...]
Following its earlier expression of interest to go after alleged tax defaulters with huge funds in Nigerian banks, the Federal Inland Revenue Service (FIRS) recently started issuing letters to commercial banks, appointing them as tax collection [...]
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 Oil Exploration and Production Act, 2016 (Act 919) provides that allocation of new exploration rights to prospective investors, should be done through an open, fair, transparent and public bidding process[1]. At the launch of the [...]
