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Arbitration in Nigeria
17 Sep

UNDERSTANDING AN ARBITRATION CLAUSE IN A DOMESTIC COMMERCIAL AGREEMENT

Introduction One of the choices available to resolving a commercial dispute is by arbitration. It is a process of dispute resolution distinct from the traditional litigation, mediation and conciliation. Arbitration is the reference of a dispute between two or more parties for a determination, after consideration of the evidence adduced and arguments of all parties, by a person or persons validly appointed acting judicially. It is the process of bringing a business dispute before a disinterested third party for resolution. Although the legal foundation of some kinds of [...]

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05 Aug

ESTATE PLANNING 101: LIVING TRUSTS EXPLAINED

Estate planning is the act of preparing for the transfer of a person's wealth and assets after his or her death. The most common form of Estate Planning in this clime is a will which is a legal document that express the intentions of the deceased on the management, sharing and disposal of his or her assets. In a situation where the deceased fails to leave a will, the family members typically resort to applying for a Letter of administration which [...]

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28 Jul

A GUIDE TO INTELLECTUAL PROPERTY PROTECTION IN NIGERIA

Dear Subscriber, The World Intellectual Property Organization (WIPO) defines Intellectual Property as “creations of the mind, inventions, literary and artistic works and symbols, names, images and designs in commerce”. With the world becoming a global village, the importance and reach of Intellectual Property has assumed a more advanced dimension and has become a sine qua non in domestic and cross border business especially in the areas of licensing and technology transfer. Just as laws have been put in place to ensure protection of tangible properties [...]

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21 Jul

AFRICAN CONTINENTAL FREE TRADE AREA (“AfCFTA”): THE NIGERIAN PERSPECTIVE

Globalization has led to the deepening of social, economic and cultural interactions among countries of the world through cross country flow of information, ideas, technologies, goods, services, capital, finance and people. With the advent of the African Continental Free Trade Area (“AfCFTA”) which aims to bring together 1.2 billion persons with combined Gross Domestic Product estimated at $2 trillion in a single market, it is expected that there would be an erasure of all restrictions to movement of goods and services amongst sovereign [...]

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14 Jul

RAPE: WHAT NIGERIAN LAW SAYS

Rape is generally defined as unlawful sexual intercourse carried out forcibly or under threat of injury against a person's will or with a person who is beneath a certain age or incapable of valid consent because of mental illness, mental deficiency, intoxication, unconsciousness, or deception. Under Nigerian Law, the offence of Rape is limited to the actions of a man against a woman and requires at least a slight penetration of the penis into the vagina to constitute rape. This definition has however been broadened by judicial pronouncements [...]

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An Investors Guide to Doing Business In Nigeria
04 Feb

AN INVESTORS GUIDE TO DOING BUSINESS IN NIGERIA

Dear Subscriber, Nigeria continues to face the challenge of diversifying its economy from total reliance on crude oil as its major revenue earner. In other to attract Foreign Direct Investment, making the business environment friendlier became a priority and this led to the establishment of the Presidential Enabling Business Environment Council (PEBEC) which had the mandate of removing bureaucratic impediments to doing business in the country. The focus of PEBEC was Entry and Exit of goods; Entry and Exit of people and [...]

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Enterprise Zone
21 Jan

THE ENTERPRISE ZONE

Entrepreneurs tend to be creative visionaries but also tend to get distracted by the excitement of their idea. Building a lasting, profitable business is challenging, it goes beyond the idea and there is no set roadmap for success. Common challenges for businesses bother around Finance, Personnel and Legal. Consequently there is the need for serious business owners to strengthen these centers in other to have a sustainable business. Based on our constant engagement with startups and SME’s, we are aware of the deficiencies which typically lead to [...]

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14 Jan

BUSINESS OUTLOOK 2019: 6 SECTORS TO WATCH

Dear Subscriber, The Year 2018 was quite eventful on the global scene, with the #MeToo Movement, historic meeting between Donald Trump and North Korea, Trade War with China, Brexit negotiations and Khashoggi murder dominating global discourse. On the domestic scene, Nigeria’s rebound from the recession slowed down in the last quarter of 2018 based on dwindling revenues as well as late implementation of the budget. The imminent election dominated the news most of last year and it is expected that whilst the politicians continue to bicker in Q1 2019, [...]

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17 Dec

THE IMPACT OF SME’S

Dear Subscriber, From the roadside salon that engages five stylists to the trendy tech startup that has fifteen staff on its payroll or the manufacturer that has hundreds of causal workers, the SME sector remains the highest employer of labour and hence the lifeblood of the economy. Statistics also show that at least 50% of these business ventures fail within the first five years.  A major hindrance to the growth of this critical sector is defective business processes and lack of [...]

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22 Apr

CONTRACTING WITH INFLUENCERS

Dear Subscriber, Traditional media channels (TV, Radio, Print etc) are facing a losing battle with emerging digital information channels (Facebook, YouTube, Instagram etc) and it is only a question of time before traditional media as we know it becomes extinct.   With the advent of new media came a new crop of Influencers who have acquired massive followership on social media platforms. The size of their followers has helped them gain the attention of corporate brands who then engage them to [...]

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