Concurrent Delay in Construction Contracts: A Pragmatic Perspective
Introduction Delays on construction projects are common, often creating disputes over responsibility, extension of time and liquidated damages. Concurrent delays, where both the contractor and the employer contribute to the delay simultaneously, often create complexities. The legal principles governing concurrent delays are unsettled and inconsistent across common law jurisdictions. Nigeria has a significant dearth of […]
Power Projects
Nurturing renewable and conventional energy projects from inception to commercialization, Tope Adebayo LP’s Power Project practice group stands as a leading force in the energy sector. We are your one-stop shop for comprehensive legal and transactional advisory services, guiding you through every stage of project development with unparalleled expertise and strategic foresight. Our multi-disciplinary team […]
The Legal Advisor
Ring in the New Year with Insight! Welcome to the inaugural issue of “The Legal Advisor” by Tope Adebayo LP, your go-to resource for everything in Corporate and Commercial Law! This 2024 kick-off edition dives deep into the groundbreaking trends revolutionizing M&A, SPACs, ESG investing, and Innovative Financing. Get the inside scoop on what’s shaping […]
Revitalizing Investments in the Nigerian Oil and Gas Industry: The Presidential Order and Directives
On the 28th of February 2024, the President of the Federal Republic of Nigeria signed a Presidential Order and 2 Directives (the “Presidential Directives”) aimed at reattracting investments into the Nigerian Oil and Gas Industry which has been on the decline in recent years. These Presidential Directives aim to tackle the issue of low investments, […]
Procedure for the Registration of Title to Land in Nigeria
Ownership and transfer of land is the gamut of the real estate sector in Nigeria. The real estate sector in Nigeria is one of the most thriving industries in the country and although the circumstances and peculiarity of each land or property transaction vary, what will be found is that individuals, corporations, and investors tend […]
Is the Requirement of a “Cooling-Off” Period in Arbitration a Procedural Matter or a Strict Jurisdictional Issue?
Given the global economic realities, resolution of disputes has become a necessary aspect of commercial negotiations by parties. The outcome of these negotiations would usually culminate in the parties agreeing on the modalities for resolution of their disputes which will inform the fine print of the relevant dispute resolution provisions in their agreement. However, within […]
Bank Failures in Nigeria: Implications for Stakeholders – A Case Study of Heritage Bank.
Introduction On the 3rd day of June, 2024, The Central Bank of Nigeria (CBN) revoked Heritage Bank’s license, raising significant concerns among depositors, investors, and other stakeholders. Banks operate in a complex and sensitive environment, therefore, they are under various regulatory frameworks including the maintenance of certain capital reserves and adherence to Capital Adequacy Ratio […]
Unlisted Securities in Mutual Funds: Assessing Liquidity Prospects
Mutual funds have long been an investment vehicle for individuals seeking diversification in investments and professional management. Their objectives often revolve around capital appreciation, income, or a combination of both. In the world of capital markets, choices abound. Typically, securities in Nigeria are traded after being listed on formal exchanges such as Nigerian Exchange Ltd […]
Sustainable Finance, Green Finance and Green Bonds a corollary to ESG
Introduction One buzzword that has permeated every industry in the last half a decade is clean energy, green bonds, green economy, sustainable finance and ESG. The growing lexicon reflects a collective recognition of the dangers posed by climate change resulting from the emission of greenhouse gases and environmental degradation, which jeopardizes our economy. As a […]
Oil Licensing Regime Under the Petroleum Industry Act 2021 (Part 4): Petroleum Mining Lease
Having satisfied all conditions imposed on the licensee and contained in the Oil Prospecting Licence (OPL), and upon commercial discovery of oil, a holder of an OPL was required to obtain an Oil Mining Lease (OML). The OML not only entitled the holder to the right to win and work petroleum discovered but also the […]
