FIRM NEWS
ǼLEX SUCCESSFULLY REPRESENTS ‘THE CHATERED INSTITUTE OF ARBITRATORS (UK)’ IN LANDMARK VICTORY AGAINST ‘THE CHARTERED INSTITUTE OF ARBITRATORS (Nigeria)’
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 [...]
ǼLEX PARTNER MR ‘SOJI AWOGBADE ADDRESSES ‘ENERGY POLICY & SECURITY – DEMAND AND SUPPLY OUTLOOK FOR NIGERIA’ AT THE ENERGY SUSTAINABILITY CONFERENCE 2018.
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 [...]
ǼLEX PARTNER ‘SOJI AWOGBADE WAS CONFERRED WITH A FELLOWSHIP AT THE ENERGY INSTITUTE.
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 [...]
RECHARACTERISATION OF REPURCHASE AND REVERSE REPURCHASE AGREEMENTS – THE NIGERIAN PERSPECTIVE
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. [...]
ǼLEX CONTRIBUTES TO THE INTERNATIONAL COMPARATIVE LEGAL GUIDE TO: FRANCHISE 2019
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 [...]
THE LIRS’S NOTICE ON THE TAXATION OF EMPLOYEE SHARE COMPENSATION PLANS: MATTERS ARISING
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 [...]
NIGERIA’S OIL INDUSTRY TRANSITION – SOME GOVERNANCE CONSIDERATIONS
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 [...]
THE CONSTITUTIONAL BASIS FOR THE IMPOSITION OF CONSUMPTION TAXES BY FEDERAL AND STATE GOVERNMENTS IN NIGERIA: A CRITICAL ANALYSIS OF THE SUPREME COURT’S DECISION IN AG LAGOS v EKO HOTELS LTD & ANOR
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 [...]
REPRESENTATIONS, COVENANTS AND EVENTS OF DEFAULT – UNDERSTANDING THE BASICS OF LOAN AGREEMENTS
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 [...]
Patent Infringement in Nigeria – When can it be excused
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 [...]
ISLAMIC FINANCE IN NIGERIA: AN OVERVIEW OF THE RULES GOVERNING THE LISTING OF SUKUK ON THE NIGERIAN STOCK EXCHANGE
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 [...]
ǼLEX wins the LCA-YAN International Arbitration Moot Competition!
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 [...]
MITIGATION STEPS TAKEN TO BOOST INVESTORS’ CONFIDENCE IN THE NIGERIAN POWER SECTOR
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 [...]
CBN CIRCULAR ON THE COLLECTION AND REMITTANCE OF THE NATIONAL CYBER SECURITY FUND LEVY
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 [...]
ABCs OF REGULATORY COMPLIANCE FOR CREATIVE AND INFORMATION TECHNOLOGY START-UPS IN NIGERIA
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 [...]
Aviation & Maritime Partner, Mr. Lawrence Fubara Anga appears on CNBC
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 [...]
ǼLEX Managing Partner Moderates “Positioning Nigeria as the Preferred Destination in Africa for Investment through Legislation & Policy” Panel at NOG
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 [...]
WHO SIGNED THESE PROCESSES?
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 [...]
WILL THE MANDATORY REQUIREMENT FOR THE USE OF THE NATIONAL IDENTIFICATION NUMBER BY PARTIES IN ARBITRATION PROCEEDINGS HAVE ANY EFFECT ON THE VALIDITY OF THE ARBITRATION?
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 [...]