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Contractual Documentation in Project Finance and the Need for Connectivity
0₦2,500.00Abimbola Oluwasuyi of NHS London United Kingdom, Olusegun Onakoya of the Faculty of Law University of Ibadan Nigeria, and Olusegun Gbede of the School of Business & Law, University of East London United Kingdom, in their article, Contractual Documentation in Project Finance and the Need for Connectivity, stress the importance of several contractual agreements to the success of a Project. They note that the agreements set out the duties and obligations of different parties at different stages of Project Finance. They examine the different types of agreements, their role, their impacts on project finance, and the importance of coordination among parties involved at all stages of the project to ensure its success.
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Income Tax Exemption for Small Companies in Nigeria and the Albatross of Incongruous Provisions in The Finance Act
0₦2,500.00Dr Cyril Obika HOD International Law & Jurisprudence, Faculty of Law, Enugu State University of Science & Technology, in his article, Income Tax Exemption for Small Companies in Nigeria and the Albatross of Incongruous Provisions in The Finance Act, examines the provisions of the Finance Act that exempt small companies from the payment of several taxes. He considers the definitions of a ‘small company’ in various tax laws, noting the differences in the threshold to qualification as a small company in these laws. Dr Obika argues that categorising a company as ‘small’ can only be determined at the end of a relevant assessment year and effected in the tax year. He opines that the status of a small company should be presumed for the same company in subsequent years until proven to the contrary that the company has exceeded the threshold set by legislation.
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Nigeria’s Finance Act 2019 and the Significant Economic Presence Concept: Prospects and Challenges
0₦2,500.00Dr Jude Odinkonigbo of Templars, and a Senior Lecturer at the Faculty of Law University of Nigeria, and Emmanuel Onyeabor of Banwo & Ighodalo, in their article, Nigeria’s Finance Act 2019 and the Significant Economic Presence Concept: Prospects and Challenges, note that the emergence of the digital economy has significantly disrupted the existing international tax rules regulating cross-border transactions. They examine how Nigeria has tried to solve this problem by enacting the Finance Act 2019, which introduced the ‘significant economic presence’ test, with the objectives of ensuring that corporate incomes generated from Nigeria’s digital space are liable to tax. They note Nigeria’s unilateral adoption of the OECD ‘Significant Economic Presence Test’ on the taxation of Non-Resident Companies (NRCs) in the Finance Act. They consider the prospects and challenges the country might have enforcing the taxation of NRCs operating in the country’s digital space, including the possibility of retaliatory measures by other countries. They conclude with suggestions on how to enforce the provisions of the Finance Act.
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The Gravitas Review of Business & Property Law Vol.12 No.2 – Print
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.12 No.2, there are well researched articles on:
- Commercial Law & Practice
- Competition Law
- Labour & Employment Law
- Litigation Law & Practice
- Banking Law & Practice
- International Trade Law
- Maritime Law & Practice
- Book Review
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The Gravitas Review of Business & Property Law Vol.12 No.2 – E-Book
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.12 No.2, there are well researched articles on:
- Commercial Law & Practice
- Competition Law
- Labour & Employment Law
- Litigation Law & Practice
- Banking Law & Practice
- International Trade Law
- Maritime Law & Practice
- Book Review
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The Gravitas Review of Business & Property Law Vol.12 No.2
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.12 No.2, there are well researched articles on:
- Commercial Law & Practice
- Competition Law
- Labour & Employment Law
- Litigation Law & Practice
- Banking Law & Practice
- International Trade Law
- Maritime Law & Practice
- Book Review
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Uniform Sale of Goods Law in Nigeria by Prof. Olusegun Yerokun
0₦2,500.00Yusuf Usman Liman, Lecturer, Faculty of Law, Nigeria Police Academy, Kano Nigeria, reviews the book, Uniform Sale of Goods Law in Nigeria by Prof. Olusegun Yerokun, highlighting that the book provides a good understanding of the need for concerted efforts towards uniformity of the Federal and State Laws on Sale of Goods. Using the review as a backdrop, Liman examines the current state of the law with regards to the status of the Sale of Goods Act 1893, an English Statute of General Application.
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An Overview of the Legal Principles Governing the Creation and Operation of Ship Financing in Nigerian Maritime Industry
0₦2,500.00Dr Ekundayo Babatunde, Senior Lecturer, Faculty of Law, KolaDaisi University Ibadan Nigeria, in his article, An Overview of the Legal Principles Governing the Creation and Operation of Ship Financing in Nigerian Maritime Industry, analyses the legal framework governing ship financing in the Nigerian maritime industry. He considers laws governing ship financing in Nigeria with particular attention to foreign and local participation in the maritime industry. Babatunde explores global best practices on the protection of local maritime industry, Nigeria’s experience with Cabotage and other burning issues in the Nigerian maritime industry.
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Common Currency for ECOWAS: A Panacea for Regional Economic Development
0₦2,500.00Professor USF Nnabue, pioneer Dean, Faculty of Law, Imo State University and currently a Commissioner in the National Population Commission and Professor Henry Alisigwe of the Faculty of Law, Imo State University Owerri Nigeria, in their article, Common Currency for ECOWAS: A Panacea for Regional Economic Development, note the widespread acclaim that heralded the recent decision to launch a common currency, the ECO, in furtherance of the integrative efforts of the Economic Community of West African States (ECOWAS). They interrogate whether the common currency initiative is the sesame that will lead to enhanced regional economic development among member States of the ECOWAS. They argue that a common currency remains a potent instrument in harnessing the developmental potentials of ECOWAS member States and conclude that breathing life into the ECO currency will help in the mobility of goods and services within the ECOWAS region.
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From Valucard to Upay Card: Examining the Nature, Abuses and Legal Implications of Payment Cards in Nigeria
0₦2,500.00Aina Salami, formerly Senior lecturer, Department of Public Law, University of Lagos and presently the Director-General, Bureau of Lands & Survey Ogun State, in his article, From Valucard to Upay Card: Examining the Nature, Abuses and Legal Implications of Payment Cards in Nigeria, examines the legal nature, types and abuses of payment cards in Nigeria. Given the potential abuses of card transactions, Salami explores some criminal offences relating to card transaction and advocates urgent institutional and regulatory reforms to accommodate global trends in payment systems.
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Does the Filing of an Action Keep the Running of Time in Abeyance for the Purposes of Limitation Law? – A Critical Review of the Supreme Court Decision in Sifax (Nig) Ltd v Migfo Nig. Ltd
0₦2,500.00Ayo Olorunfemi and Abiodun Ogunbameru, Managing Partner and Associate respectively at Femi Atoyebi SAN & Co in their article, Does the Filing of an Action Keep the Running of Time in Abeyance for the Purposes of Limitation Law? – A Critical Review of the Supreme Court Decision in Sifax (Nig) Ltd v Migfo Nig. Ltd, examine the new regime of limitation of action created by the Supreme Court in Sifax v Migfo and how it recognises the suspension of the limitation period for a suit filed anew in the appropriate Registry upon being struck out for want of jurisdiction. They examine the concept of the running of time, the principle that the running of time stops when a suit is instituted only for that particular action, the disparity in the facts and circumstances of the cases relied upon by the Supreme Court, and the several challenges created by the decision in the Sifax case.
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Unpaid Wages of Crew Members: A Review of Mt Sam Purpose (Ex Mt. Tapti) v Amarjeet Singh Bains
0₦2,500.00Temple Damiari of ASALAW LP continues with the exciting debate begun in the last issue of The Gravitas Review on the appropriate court with jurisdiction in wages of ship crew. In his article, Unpaid Wages of Crew Members: A Review of Mt Sam Purpose (Ex Mt. Tapti) v Amarjeet Singh Bains, Damiari critically analyses the decision of the Court of Appeal that only the National Industrial Court can entertain matters on wages of ship crew. He opines that given the settled constitutional provisions denoting admiralty jurisdiction in the Federal High Court, the Court of Appeal in arriving at its decision, neither took proper cognisance of the provision of section 251(1)(g) of the Constitution nor settled guiding principles in the interpretation of constitutional provisions.
