On account of our colonial experience, the courts have been the main forum for the resolution of disputes in Nigeria. However, due to the exigencies of commercial transactions and the challenges of litigation including but not limited to cost, unnecessary technicalities, delays in court proceedings and court congestion, parties to disputes are increasingly resorting to […]
Intellectual Property and Economic Growth in Africa – Harnessing IP As a Development Tool Intellectual Property (“IP”) is arguably a well known legal terminology, but unsurprisingly its meaning and significance remain poorly understood amongst business owners and creatives. IP in practical terms refers to intangible creations of the human intellect protected by the law which […]
Nigeria, Sixty Years Of Self-governance – The Lingering Challenge Of Structure The Creation of the Structure The geo-political entity now known as Nigeria was structured into existence in 1914 by the merger of the Colony and Protectorate of Southern Nigeria with the Protectorate of Northern Nigeria. The new entity was named the Colony and Protectorate […]
The Growing Demand for a Democratic System of Local Government in Nigeria The Local Government is the closest level of government to the people in Nigeria. The Nigerian Constitution in the Fourth Schedule lists out the many functions of local governments, some of which include; construction and maintenance of roads, streets, street lightings, drains, public […]
Arbitral Awards As Sovereign Debt Risks: Impact of P&ID and EURAFIC Cases Background Deriving from the sovereignty principle, sovereign debt literary refers to how much a country’s government owes. Often times the primary source is through outside borrowing hence it can be defined as national or government debt because the word “sovereign” connotes national government. […]
Debt Recovery Strategies in Nigeria: A Guide for Banks and Other Business Entities It is not unusual for banks and other financial institutions in the business of advancing loans for interest to have non-performing loans and debts owed by customers. Debt obligations also arise from day to day commercial transactions entered into by other business […]
