The Investments and Securities Act requires the Securities and Exchange Commission (SEC) to look beyond the commercial benefits of a merger. The SEC must assess whether the transaction is...
Case: KUNSHAN INT'L LTD & ANOR v. MANLAY HOLDINGS LTD & ORS
The Court of Appeal clarified a critical distinction between owning shares in a Nigerian company and carrying on...
For many foreign businesses entering Nigeria, the first instinct is commercial:
Secure clients. Hire staff. Open a local office. Start operations.
But Nigerian company law asks a different question first:
Cross-border businesses often assume that once value has been delivered, payment can always be enforced.
Nigerian law draws a more complicated line.
One of the most persistent misconceptions in cross-border transactions involving Nigeria is the assumption that a foreign company must first be registered in Nigeria before it can enforce its...
For many foreign businesses entering Nigeria, the first instinct is commercial:
Secure clients. Hire staff. Open a local office. Start operations.
But Nigerian company law asks a different question first:
Have you...
When most observers look at Omnibiz, they see a successful technology company that digitized retail trade across parts of Africa.
Lawyers and sophisticated investors should see something more.
They should see...
By all accounts, Nigeria should have been a difficult place to build a technology-driven supply chain business.
Infrastructure challenges, currency fluctuations, logistics bottlenecks, regulatory compliance requirements, and the sheer complexity...
Many business owners, investors, and corporate groups assume that "control" of a company exists only where a person owns more than 50% of the shares. The Investments and Securities...
The Supreme Court's pronouncement on the legal consequences of corporate mergers delivers a powerful message to businesses, investors, and transaction advisers: a merger may create a new corporate entity,...