On 26 March 2021, Zhongshan Fucheng Industrial Investment Co. Ltd (“Zhongshan”) obtained an arbitral award in the sum of about $USD70 million against the Federal Republic of Nigeria (“Nigeria”). The award flowed from a dispute [...]
ǼLEX is pleased that, in a unanimous judgment of the Court of Appeal in Appeal No. CA/LAG/CV/854/2022 – Sqimnga Nigeria Limited v. Systems Applications Nigeria Limited delivered on 26 March 2024, the Court of Appeal [...]
The removal of a director is popularly recognised as the exclusive preserve of a company’s members in general meetings in line with the provision of section 288(1) of the Companies and Allied Matters Act, 2020 [...]
ǼLEX is pleased to have represented the successful defendants; Pressure Control Systems Nigeria Ltd (PSCNL) and Baker Hughes (BH) in a suit instituted by a former employee in Suit No: NICN/LA/405/2019-Adebisi Arike Shonekan v. Pressure [...]
1. What are the main methods of resolving disputes in your jurisdiction? The main methods of resolving commercial disputes in Nigeria are Litigation and Alternative Dispute Resolution Mechanisms such as; Arbitration and Mediation. Parties may [...]
Nigeria has overhauled its nearly half-century-old regime on the administration of withholding tax (WHT) with the signing of the Deduction of Tax at Source (Withholding) Regulations 2024 by the Minister of Finance. [...]
Introduction Artificial Intelligence (AI) represents one of the greatest technological advancement of man and since its emergence, it has witnessed a widespread global adoption. From the introduction of smart assistants like Alexa, Cortana, Siri and [...]
The Securities and Exchange Commission (“SEC/Commission”) has issued a Framework on Accelerated Regulatory Incubation Program for the Onboarding of Virtual Assets Service Providers and other Digital Investments Service Providers (“ARIP Framework”), to facilitate the onboarding [...]
Is your state a party to the New York Convention? Are there any noteworthy declarations or reservations? Nigeria is a party to the New York Convention, and it acceded to the Convention on 17 March [...]
The authors of the National Report Nigeria, Olufunke Adekoya SAN, Adedapo Tunde-Olowu SAN, Perenami Momodu and Oluwaseun Philip-Idiok, confirm that the National Report as published in Supplement 131 of March 2024 reflects current arbitral practice [...]
Nigeria is a party to the United Nations Framework Convention on Climate Change (UNFCCC)[1] and other framework conventions such as the Paris Agreement of 2015, where the recommended net-zero target was set as year 2050 [...]
In a public notice issued on the 17th of May, the Nigerian Communications Commission (NCC) notified stakeholders of the temporary suspension of licences in three categories, namely: Interconnect Exchange License (‘IEX’), Mobile Virtual Network [...]
In recent years, competition law has become increasingly important in regulating market behaviour and ensuring fair competition among businesses. One of the critical areas that competition laws address is concerted action among competitors, including price-fixing [...]
ǼLEX is a full-service commercial and litigation law firm with offices in Nigeria and Ghana. It provides tax advisory and litigation services for a wide range of multinational and local companies across the oil and [...]
Last year, the Conference of Parties (“COP 28”) took place in Dubai, UAE, featuring conversations and a renewed commitment to lay the groundwork for a swift, just and equitable transition from fossil fuels, underpinned by [...]
On March 8 2024, AELEX Partners (‘AELEX’) hosted La French Tech to a breakfast session where the topic “To what extent has the Nigerian Startup Act transformed the landscape of the Country’s Startup Ecosystem” was [...]
The Constitution of the Federal Republic of Nigeria 1999 (as amended) (“Constitution”) places aviation matters within the exclusive jurisdiction of the National Assembly. The principal legislation governing the aviation industry is the Civil Action Act [...]
International Women's Day marks the period when the world forms the shape of a heart in celebration of the resilience and strength of women, especially at the workplace. The year 2024 [...]
The Electricity Act (Amendment) of 2024 (the “Amendment Act”) was enacted on February 9, 2024, to address the development and environmental concerns of host communities. It amends the Electricity Act of 2023 (the “Act”) by [...]
