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Jul 31, 2017

How corporate governance can affect Nigeria's development | Olajide Olutuyi


Corporate Governance is not just about how a company is directed and controlled to maximize performance and ensure accountability to stakeholders. Better governance practices and processes have become imperatives for both national and global economies. A company that is run very efficiently and responsibly will perform very well and ultimately contribute to strengthening the economy.

Legal Insight Into Mastercard’s $18 Billion Lawsuit Blocked By The UK’s Competition Appeal Tribunal


Background
In 2014, the European Court of Justice finally decided that Mastercard’s ‘interchange fees’ for cross-border[1] transactions were too high and therefore flouts competition law practices which primarily are in place to protect consumers. Subsequent to that ruling, Sainsbury (a UK retail company) brought an action against Mastercard in the UK, before the Competition Appeal Tribunal, and won, the damages Mastercard was asked to pay to Sainsbury was enormous[2].

Jul 29, 2017

Get finance for your Social Enterprise via The Funding Space


Non-profit Organizations (NPOs) and social enterprises in Nigeria play a critical role in bridging the gaps in service delivery in the country, promoting good governance, human rights and social justice. Increasingly, they are also at the forefront of innovations that improve the quality of education and healthcare.

Jul 27, 2017

Why Federal Govt needs a loan Finance for Railway/ Senator Ashafa


The Senator representing Lagos East Senatorial District in the National Assembly, Senator Gbenga Ashafa on Thursday 27th of July, 2017 once again defended the Federal Government’s loan request from China Exim Bank during the consideration of the report from the Senate Committee on Local  and Foreign Debts.

Constitutional Review - Bills passed by the House of Representatives on 27/7/2017


The Nigerian House of Representatives on 27th July, 2017, in a plenary session, with 97 Senators in attendance, deliberated over Bills seeking to amend the 1999 Constitution of the Federal Republic. The Clauses include;

Jul 26, 2017

Constitutional Review: Bills Passed by Nigerian Senate on 26/7/2017


The Nigerian Senate on 26th July, 2017, in a plenary session, with 97 Senators in attendance, deliberated over 33 Bills seeking to amend the 1999 Constitution of the Federal Republic. The Bills include;

Sexual Harassment in the Work Place | Busayo Adedeji


Sexual harassment is bullying or coercion of a sexual nature, or the unwelcome or inappropriate promise of rewards in exchange for sexual favours. In most modern legal contexts, sexual harassment is illegal.[1] Although the concept of sexual harassment in the work place is not alien to Nigeria, there is a dearth of reported cases on the subject. Reasons that might be attributed to this include:

Jul 23, 2017

What Nigerian entrepreneurs should expect from Foreign Investors | Boma Braide


Nigerian Entrepreneurs who start out on their fundraising journey think they will be showered with funding offers but are quickly awakened to the rude shock that they are not able to pick and choose from investors as they would have liked.

Jul 21, 2017

International' Commercial Arbitration Moot Competition by LCA-YAN


"The Lagos Court of Arbitration Young Arbitators Network is organising the first 'International' Commercial Arbitration Moot Competition in Nigeria. The LCA-YAN Moot will provide a unique opportunity for young and aspiring practitioners to gain exposure to various aspects of international commercial arbitration including interlocutory matters such as the conduct of emergency arbitration and joinder of parties. Participants will 
also have the opportunity to explore the principle of piercing the veil in international commerce and other cutting edge issues in international commercial arbitration.

Jul 19, 2017

Provisions of the Whistle Blower Protection Bill | Adedunmade Onibokun


The Whistle Blower Protection Bill, 2017, on 19th July, 2017, was passed by the Nigerian Senate. The Bill seeks to encourage and facilitate the disclosures of improper conduct by public officers and public bodies and to ensure that persons who make disclosures and persons who may suffer reprisals in relation to such disclosures are protected under the law.

Jul 17, 2017

Can A Director Be Sued Personally for an Alleged libelous letter written by Him? |Rosemond Phil-Othihiwa


It is worthy of note that upon incorporation a company assumes a separate legal entity different from the promoters, shareholders, directors, secretaries, auditors and other members of the company. Section 37 CAMA. This provision enacts the fundamental principle of corporate personality. This concept was laid down under the common law in the celebrated case of Salomon Vs Salomon and Co Ltd(1897) AC 22 where the House of Lords per Lord McNaughten stated the position as follows;

Jul 14, 2017

Emotional Wellbeing Of An Accused Person |Tunrayo Mutairu


I watched an episode of a legal series on TV called “the good wife”. On this particular episode, an accused person is charged with the offence of murder and was looking at a life imprisonment sentence. He had the option of taking a plea deal of 8 years but refused because he affirmed he was innocent and was willing to take his chances with the jury. While the matter was ongoing in court, counsel on the prosecution and defense side were conferring with the judge on whether a witness should be allowed to testify in the matter. In the usual rapport of lawyers and judges, they argued and eventually turned this into a joke and were seen laughing heartily while the accused person looked on, confused as to what could be really funny while his life hangs in the balance. 

Resolving Artist-Record Label Disputes: Why Arbitration Is Quite Desirable | Adejorin D. Abiona


The entertainment industry encompasses diverse relationships. With the adoption of ever-changing developing technology, novel problems are emerging which require creative solutions. For example, the abundance of contractual relationships creates the likelihood of disputes. This article will look into the contracts between record labels and artists with a focus on the peculiarities in the relationship with creatives that has made arbitration desirable for dispute resolution.

Jul 7, 2017

Senator Ashafa Decries Jungle Justice While Commending Ikorodu Residents For Resisting Badoo Cult Group


The Senator representing Lagos East in the Senate, Senator Gbenga Ashafa has through a press statement he released via his social media feeds decried the rising incidents of jungle justice in the Ikorodu area of Lagos East Senatorial District.

Jul 6, 2017

TRAINING - Finance Skills For Lawyers via @oaco_accounting


Lawyers play a very important role in the financial world, but often have little or no knowledge in finance. This training aims to fulfill this knowledge gap by providing people with legal background with adequate knowledge to further understand the financial decision making of their clients and foster an effective communication with integrated team of lawyers, accountants and investment advisers.

How to prove that the termination of your employment was wrongful |Michael Dugeri


When is termination/dismissal said to be wrongful? 

You may sue and demand to enforce your rights if your employment contract is wrongfully terminated. Wrongful termination is when any of the following occurs:

       i.       Your former employer did not follow the terms of the contract in terminating it or dismissing you. For instance, if the contract specified that either party can only terminate by giving the other 30 days’ notice or one month’s salary in lieu of notice, it would be wrongful to terminate the contract forthwith and not pay you anything in lieu. Also, if your employment contract provides for a disciplinary procedure to be followed before you can be dismissed (say for gross misconduct) and the procedure was not followed or your act/omission was wrongly categorized, your dismissal would be wrongful.

Jul 4, 2017

The Supreme Jurisdiction Of The National Industrial Court Of Nigeria | Vincent Oniga


The constitutional right of appeal and the well-entrenched principle of fair hearing are the foundation of modern legal systems across the globe. The principles as guaranteed under The Constitution of the Federal Republic of Nigeria (1999) as amended (“The Constitution”) ensure that in the conduct of judicial proceedings to determine the civil rights and/or obligations of the parties brought before any Court, the twin pillars of natural justice shall be adhered to and applied by the courts.