Corporate restructuring is a redesigning process that is practised all over the world.
In the last few years, businesses, ranging from limited liability companies to companies limited by guarantee (charitable entities etc.) ...
Fred-Young & Evans
There are various reasons for which a company may no longer be able to carry on business. This may be due to business, financial, economic or social factors.
The President of the Federal Republic of Nigeria, Muhammadu Buhari, on 4th November 2019, signed the Deep Offshore and Inland Basin Production Sharing Contracts (PSC) (Amendment)...
The issuance of this Notice is a welcome step and is evidence of the Commission giving effect to the provisions of the Competition Act.
A survey carried out by the African Private Equity and Venture Capital Association (AVCA) in 2018 indicates that Private Equity and Venture Capital (PE) activity in Africa has been increasingly consistent
Recently, a colleague and I were having dinner on a Sunday evening when he got an SMS from a new client operating in the tech space asking to meet urgently.
STA Law Firm
To amend the terms of the on-going Production Sharing Contracts (PSC) that is a revenue-based model. The amendment introduces a new provision Sections 5 and 16 in Deep Offshore...
Taxaide Professional Services Ltd
What is Companies Income Tax (CIT)? CIT is tax on the profits of incorporated entities in Nigeria.
The documentation requirements are less elaborate than that for local mergers.
As anticipated in our tax alert of 21 October 2019, President Muhammadu Buhari has signed the Deep Offshore and Inland Basin (Production Sharing Contract) Act (DOIBPSCA)
The passage of the Competition Act also resulted in the introduction of a new regulatory framework for merger transactions in Nigeria.
Intellectual property rights (IPRs) can be very valuable assets and ought to be considered, like other proprietary rights, in merger and acquisition transactions.
A major highlight of 2018 was the re-passage of the Federal Competition and Consumer Protection Bill by the Nigerian Senate in December 2018.
Fred-Young & Evans
The Promoters themselves may pull their resources together to achieve this purpose or they may approach Financiers or Investors to provide them with funds.
S.P.A. Ajibade & Co.
The Nigerian Court of Appeal (Lagos Division) recently quashed the decision of the (trial) Federal High Court and held that the non-registration of a technology transfer agreement
The Nigerian Police Trust Fund Act (the "Act") was passed by the National Assembly in April 2019, and signed into law by the President on 2 July 2019.
The FIRS today released a public notice threatening to go after the directors, managers, secretaries and other persons concerned with the management of companies to recover tax liabilities owed
Putsimply, the company cannot access foreign exchange at the official rate or market for remittances outside of Nigeria under the unregistered contract.
The Financial Reporting Council of Nigeria ("FRCN") on Monday, 5 August 2019, issued a public notice