FIRM NEWS
FINTECH AND AI: A DISRUPTIVE UNION (PART 2)
In the second part of this series, our Ademola Adeyoju delves further into the union between Financial Technology (FinTech) and Artificial Intelligence (AI). You may click on the link to access [...]
AELEX IS PLEASED TO ANNOUNCE THAT DR. ADESEGUN A. AKIN-OLUGBADE HAS JOINED THE FIRM AS INTERNATIONAL COUNSEL
We are pleased to announce that Dr. Adesegun Akin-Olugbade has joined the firm as International Counsel. He joins the firm after over 30 years of working in the legal profession and [...]
FINTECH AND AI: A DISRUPTIVE UNION (PART 1)
What Does “FinTech” Really Mean? FinTech is a portmanteau developed from the words “financial” and “technology”. It is used to describe technologically enabled innovations that are rewriting the rules of [...]
AELEX RANKED AS LEADING FIRM IN NIGERIA
ǼLEX is proud to have been ranked by Chambers and Partners as a 'Leading Firm' in Nigeria in its 2019 FinTech Guide. The Chambers Global directory, published every year by [...]
ǼLEX ADVISES THE COCA-COLA COMPANY ON ITS ACQUISITION OF C.H.I LIMITED
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 [...]
TAX SUBSTITUTION: WHAT THE LAW SAYS AS FIRS SEEKS TO RECOVER TAXES THROUGH COMMERCIAL BANKS
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, [...]
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 [...]