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Insight: How the Exit of LIBOR Will Impact the Nigerian Financial Market
0₦2,500.00Onyinyechi Iwuoha, Senior Associate at the TNP Law Firm in her article, Insight: How the Exit of LIBOR Will Impact the Nigerian Financial Market, notes the popularity of the London Interbank Offered Rate (LIBOR) in financial markets worldwide. With the impending phasing out of LIBOR in 2021 by the (UK) Financial Conduct Authority due to what became known as the ‘LIBOR Scandal’, Onyinyenchi addresses how the exit of LIBOR would affect the Nigerian financial market which is wholly dependent on the LIBOR rates for its foreign currency-denominated loans and derivative trading; what alternative reference rates there are, and the amendment of existing LIBOR-reliant documentations.
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The Nigerian Corporate Governance Challenge: Inadequacy of Laws or Question of Enforcement
0₦2,500.00Oludolapo Makinde, PhD Student at the Peter Allard School of Law, University of British Columbia Vancouver Canada in her article, The Nigerian Corporate Governance Challenge: Inadequacy of Laws or Question of Enforcement, argues that while the need to develop a corporate governance framework that will stand the test of time is beyond question, it is debatable whether the corporate governance architecture in Nigeria is adequate. Makinde undertakes an appraisal of Nigeria’s corporate governance framework through a comparative analysis with that of Canada. The aim is to ascertain if the main challenge is one of the inadequacies of laws or implementation and enforcement.
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Limitation of Action for Enforcement of Contractual Rights Under Nigerian Law
0₦2,500.00Dr Gogo Otuturu, Senior Lecturer at the Faculty of Law Niger Delta University Wilberforce Island Nigeria In his article, Limitation of Action for Enforcement of Contractual Rights Under Nigerian Law, takes a tour of the Nigerian legal landscape to ferret out limitation of action in different contractual situations. Otuturu explores the limitation of action under general statutes, special statutes, simple and special contracts. He considers the accrual of a cause of action, postponement of limitation period, and concludes that the general limitation period for some actions are too short. He recommends that like the Employee Compensation Act 2010, all statutes of limitation should confer a discretion on judges to take into consideration the existence of special circumstances to extend the limitation period in appropriate cases.
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Advancing the Cause of Fintech in Nigeria through Regulation
0₦2,500.00Tolu Olatunji of the Edge Hill Law Practice in his article, Advancing the Cause of Fintech in Nigeria through Regulation, comprehensively considers the regulatory framework for Fintech in Nigeria. He appraises the growth of Fintech in Nigeria and Africa, regulatory and industry sandboxes and the challenges of regulation. He concludes that regulators must ensure compliance with regulations without stifling innovation.
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Establishing Disruption and Loss of Productivity Claims in Construction Projects: What is Required of the Contractor
0₦2,500.00Professor Offornze Amucheazi, SAN of the Nnamdi Azikiwe University Awka Nigeria and Osinachi Nwandem, Associate at ǼLEX in their article, Establishing Disruption and Loss of Productivity Claims in Construction Projects: What is Required of the Contractor, note that while contracts may entitle contractors to claim reimbursement on the grounds of disruption/loss of productivity when they incur additional costs, contractors have always found it challenging to prove disruption claims and secure reimbursement. The solution lies in a proper understanding of what disruption/loss of productivity is and what contractors must establish to validate their disruption claims. Professor Amucheazi and Nwandem analyse how to prove disruption claims against the background of COVID-19 pandemic. They review several decided cases and the various standard forms of contracts commonly used in the Nigerian construction industry including the FIDIC Red Book, the Federal Ministry of Works Standard Conditions of Contract (Road Works) in Nigeria, and the Federal Ministry of Works and Housing Standard Form of Building Contract in Nigeria, to come up with a practical guide to contractors, employers, and arbitrators.
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The Gravitas Review of Business & Property Law Vol.11 No.3 – Print
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.11 No.3, there are well researched articles on:
- Labour Law
- Environmental Law
- Commercial Law & Practice
- International Trade Law
- Intellectual Property Law
- Insolvency Law
- Litigation Practice & Procedure
- Taxation
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The Gravitas Review of Business & Property Law Vol.11 No.3 – E-Book
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.11 No.3, there are well researched articles on:
- Labour Law
- Environmental Law
- Commercial Law & Practice
- International Trade Law
- Intellectual Property Law
- Insolvency Law
- Litigation Practice & Procedure
- Taxation
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The Gravitas Review of Business & Property Law Vol.11 No.3
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.11 No.3, there are well researched articles on:
- Labour Law
- Environmental Law
- Commercial Law & Practice
- International Trade Law
- Intellectual Property Law
- Insolvency Law
- Litigation Practice & Procedure
- Taxation
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The Fundamentals of Business Tax Planning Administration in Nigeria
0₦2,500.00Dr Ademola Taiwo, Dr Adeyinka Ilori, and Budoka Oyagigiri all of Babcock University Ilisan Remo Nigeria, in their article,The Fundamentals of Business Tax Planning Administration in Nigeria, posit that the mechanisms to curtail or reduce a taxpayer’s burden to the barest minimum by seizing the opportunities created in tax laws and utilizing the incentives and allowances are the main focus of tax planning. Dr Ademola Taiwo et al examine the concepts of tax avoidance, tax evasion and tax planning for business entities. They consider the theories of tax planning and management, the essence of tax management, and forms and incidents of tax planning in the Nigerian tax administration.
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A Review of the Key Amendments to the Companies Income Tax Act by The Finance Act 2019
0₦2,500.00Dr Cyril Obika, Partner J-K Gadzama LLP and Lecturer, Faculty of Law, Enugu State University of Science and Technology (ESUT) Agbani Nigeria, in his article, A Review of the Key Amendments to the Companies Income Tax Act by The Finance Act 2019 examines significant changes to the CITA by the Finance Act including the taxation of the digital economy and online business platforms, formal introduction of the Thin Capitalisation Rule, the removal of total tax exemption on interest, and changes to the Excess Dividend Tax Rule.
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Precedent Unbound? An Appraisal of the Decision in Guaranty Trust Bank Plc V. Abiodun on Non-Compliance with the Oaths Act
0₦2,500.00Sixtus Iwuoha, formerly of Banwo & Ighodalo and now a graduate student at Osgoode Hall Law School Toronto Canada, in his article, Precedent Unbound? An Appraisal of the Decision in Guaranty Trust Bank Plc V. Abiodun on Non-Compliance with the Oaths Act, observes that in recent times, trial and appellate courts have witnessed a barrage of objections and appeals premised on non-compliance with Section 13 of the Oaths Act and the form set out in the First Schedule to the Act. The usual suspects – affidavits, witness statements on oath and additional statements on oath have been at the receiving end of these unrelenting attacks by counsel. Sixtus appraises the decision of the Court of Appeal in Guaranty Trust Bank Plc V. Abiodun and the subsequent treatment accorded to same by the lower courts and even the Court of Appeal under the doctrine of stare decisis.
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An Examination of the Effect of the Acquisition of An Eligible Bank Asset of an Insolvent Company by AMCON on the Status of the Company’s Liquidator
0₦2,500.00Lawrence Ochulor, Associate at Babalakin & Co. Lagos Nigeria, in his article, An Examination of the Effect of the Acquisition of An Eligible Bank Asset of an Insolvent Company by AMCON on the Status of the Company’s Liquidator, considers the acquisition of an eligible bank asset by AMCON and the legal implications of the acquisition on the status of a liquidator specifically appointed for liquidating the affairs of a debtor company. Lawrence interrogates the traditional rights of a mortgagee in a typical loan/mortgage transaction, the interest vested in AMCON on the acquisition of an eligible bank asset, whether AMCON acquires and could exercise more rights than its predecessor in title concerning the acquired bank asset, the status of a liquidator appointed for a debtor company, and whether AMCON’s acquisition of the eligible bank asset truncates the liquidator’s appointment
