Should Ad Valorem Stamp Duties Apply to Loan Agreements? A Legal AnalysisAugust 1, 2018
Sometime in the second half of year 2016, the Federal Inland Revenue Service (“FIRS”) issued a notice titled “Establishment of Stamp Duties Offices in all States of the Federation and the FCT”, which contained a list of instruments, items and applicable stamp duty rates chargeable by the FIRS.
Is The Cybersecurity Levy A Veiled Cybertax?July 12, 2018
The Central Bank of Nigeria (CBN), pursuant to the Cybercrimes (Prohibition, Prevention etc) Act (2015) (the ‘Cybercrimes Act), recently released a Circular dated 25th June, 2018 directing all Mobile Money Operators (MMOs) and other affected Payment Service Providers (PSPs) to comply with the statutory provision for the collection and remittance of the 0.005 levy imposed on electronic transactions by July 1, 2018.
Executive Order 005: Any Impact on Migration of Expatriates?July 4, 2018
The Nigerian Government has been proactive in initiating policies and directives aimed at improving the general business climate in Nigeria. Some of these policies and directives have been issued as Presidential Executive Order. The latest being the Executive Order 005, titled ‘The Presidential Executive Order – For Planning and Execution of Projects, Promotions of Nigerian Content in Contracts and Science, Engineering and Technology’ (E05).
Technology, Media & Entertainment Sector Head, Ngozi Aderibigbe Addresses Data Protection Law in Nigeria in New GuideJune 28, 2018
This edition covers Data Protection in Nigeria, providing insight on relevant legislation, competent authorities, definitions, territorial scope, key principles, and individual rights.
Is the Imposition of Fines by Regulatory Agencies without recourse to the Court unconstitutional?June 3, 2018
One of the enforcement techniques utilized by regulatory agencies to ensure compliance by individuals and entities within the purview of their enabling laws, is the imposition of fines.
The Jurisdiction of the National Industrial Court of Nigeria and Finality of Its Judgments: What Does the Law Say?)May 14, 2018
Commerce in societies is built on exchanges of goods and services, provided by businesses and corporate organisations (service providers) which support the creation of strong institutions in such societies.
Jackson, Etti & Edu Partner, Fola Olusanya named 2017 Client Choice Award Winner for Mergers & Acquisitions in NigeriaFebruary 21, 2018
The transaction team was led by Partner, Folasade Olusanya assisted by Senior Associates Kunle Soyibo and Kingsley Opia-Enwemuche, along with Associates Ekiomado Ewere-Isaiah and Aramide Oyeneyin.
An Examination of the Concept of the ‘Seat of Arbitration’ in the Context of International Commercial ArbitrationFebruary 7, 2018
Arbitration is one of the mechanisms for settlement of dispute. It is different from mediation or conciliation because in arbitration, there is a third-party arbiter who renders a final and binding award.
Award of Third-Party Funding (“TPF”) Costs in Arbitral Proceedings: A Review of the English Case of Essar Oilfields Services Limited V.Norscot Rig Management Pvt Limited (2016) EWHC 2361 (Comm)October 23, 2017
Generally, under the adversarial system of adjudication in Nigeria, a successful party may be entitled to costs subject to the prevailing Rules of Court and other underlying principles of law.