An Appraisal of Defence of Sovereign Immunity in the Enforcement of Foreign Arbitral Awards
As the global landscape evolves and international trade flourishes, arbitration has emerged as a preferred mechanism for resolving international commercial disputes, providing parties a neutral forum and a streamlined process. Some international economic activities engage active participation of sovereign States in partnership with private investors. In some economic arrangements, sovereign states offer consent to arbitration […]
Empowering the Future: Analysing Regulatory Policies to Catalyse Investment in Renewable Thermal Energy in Nigeria
Recently, President Bola Ahmed Tinubu inaugurated the new 350 Mega Watt (MW) Gwagwalada Independent Thermal Power Plant (Phase 1), projected to be completed within three (3) years. It is anticipated that the thermal plant will increase Nigeria’s cumulative power by 3,600MW, and generate multiple foreign direct investments for the country. This is a laudable move […]
The Nigerian Arbitration and Mediation Act, 2023 – the Dawn of a New Era for Arbitration and Mediation Practices in Nigeria.
The Arbitration Law of any nation is the established legal framework for resolving disputes outside the traditional court systems by providing parties to a dispute, with a fair and impartial alternative to litigation. As a piece of legislation, it may seek to foster efficiency, cost-effectiveness, and confidentiality in resolving conflicts by allowing parties to choose […]
On the Regulation of Integrated Petroleum Operations: Takeaway from Recent Developments
ExxonMobil had applied to the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or the “Commission”) for authorisation to treat its operations as an integrated operation. This application was subsequently granted by the Commission. Upon securing the Commission’s authorisation, ExxonMobil applied for and was granted clearance by the Commission to lift 12,600 metric tonnes of Butane at […]
Open Banking in Nigeria: Legal Considerations for Data Sharing in Financial Services
Data is considered one of the most valuable assets in the world today. The amount of data being collected has grown exponentially with the rapid growth of digital technologies and the interconnectedness of various industries. According to the Economist, 97% of businesses use data for revenue growth. The whole concept of open banking leverages the […]
An Examination of Triple Identity Test in Resolving Fork-In-The-Road Clause Objections
Most often, investors engage in investments activities by establishing or investing in a local company in the host State(s) to enable them participate in large scale projects and take advantage of some economic opportunities in those State(s). By virtue of these investments, there exists a business relationship between an investor and the host State, which […]
Underwriting Risk Commitments and Registration Requirements
Underwriting has its origins in the insurance industry, where it entailed assuming risks connected to potential losses. The term underwriting is believed to have been initially associated with Lloyd’s of London, the leading insurer at that time. During the early days of maritime expansion, Lloyd’s would accept premiums in exchange for taking on risks such […]
The Case of Twitter’s Change To ‘X’- Maximizing Brand Value and Trademarks in M&A Transactions
One of the key drivers of M&A activities in today’s economy is innovation and brand value. In 2020, 90% of the S&P 500 companies’ value is attributed to intangible assets, highlighting the tremendous impact they command. A strong brand can be an important advantage in the M&A process. It gives all stakeholders an understanding of […]
A Guide to Adopting Corporate Governance for Startups
Corporate governance is a system that an organization puts in place to ensure its efficiency and sustainability. This system includes the rules, principles, ethics, and measures required to ensure compliance with regulatory and standard practice. Most jurisdictions have established standard corporate governance practices for public companies, emanating from an understanding of the need for a […]
Blockchain Policy: A Positive Development for Nigeria’s Ecosystem
Blockchain technology, known as BT, has gained widespread attention for its potential to revolutionize various sectors such as finance, education, healthcare, supply chain, and transportation worldwide. Nigeria, being the largest economy in Africa, has quickly recognized the advantages of this innovative technology. Nigeria has recently introduced a National Blockchain Policy aimed at promoting economic growth […]
