Nigerian Courts Will Grant Anti-Suit Injunctions – A Review of P. v C.
Introduction Anti-suit injunctions are orders, usually made by courts in the seat of arbitration, restraining a party from commencing or continuing court proceedings in breach of an agreement to arbitrate. In P v C[1], the claimant (P) sought anti-suit injunctions from the High Court of Lagos State against the defendant (C) who had commenced multiple court […]
Self-Advertising Under Scrutiny: Exploring ARCON’s Boundaries
Advertising is an important tool for providing visibility to a business’s products and services. Over the years, advertising has evolved from traditional (billboards, television, or radio jingles) to digital adverts that leverage technology and social media platforms. The Advertising Regulatory Council of Nigeria (ARCON) was established in 2022 to replace the Advertising Practitioners Council of […]
Examining the FCCPC’s Sanction of Meta Inc. for its Alleged Data Privacy Violation
In January 2021, instant messaging application – WhatsApp updated its privacy policy, which among several introductions, enabled certain information (such as contact details and the content of some messages) to be shared with Facebook and potentially used for advertising purposes. Users who did not wish to share this data were given the option to delete […]
Restrictive Covenants in Employment Contracts: How Enforceable are They?
The beauty of a contract is the liberty contracting parties enjoy in deciding the terms that bind them. This basic principle extends to our revered courts, who are bound to interpret contracts to give effect to the parties’ agreement. As such, courts should not rewrite the terms of an agreement willingly entered into by parties. […]
Sanctity of Arbitration Agreements: Important Lessons from The Supreme Court’s Decision in NNPC V Fung Tai Engineering Company
In its recent decision in Nigerian National Petroleum Corporation v Fung Tai Engineering Company, the Supreme Court came out strongly in favour of arbitration by reaffirming the sanctity of arbitration agreements and the limits to the courts’ intervention in arbitral proceedings. Why Arbitration? Black’s Law Dictionary defines arbitration as: “a dispute resolution process in which […]
Is It Time to Regulate the Live Concert Experience in Nigeria?
In the past decade, Nigeria’s live concert scene has bustled from the ripple effect of “Afrobeats” global success. Yet, despite the financial investments that have flooded, the promises of premium experiences, and the euphorically-edited social media clips from these concerts, the consensus amongst patrons i.e. concert attendees, even for “VIP’ and “VIP” ticket purchasers who […]
An Overview of the Draft Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria 2024
The Central Bank of Nigeria (CBN) recently issued a draft of the Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria (the “Draft Guidelines”). The Draft Guidelines outline specific parameters for the operations of Bureau De Change (BDC) operators in Nigeria and once finalised, will replace the Revised Operational Guidelines for Bureaux […]
Music Licensing: A reminder from the Universal Music Group and TikTok Scuffle
On Tuesday 30th January 2024, Universal Music Group (UMG), the world’s largest music label released an open letter to its artists and songwriters stating that all music owned by the label and its artists would soon be taken off TikTok? due to disagreements with TikTok on compensation, Artificial Intelligence (Al) infringements and harassment. UMG’s statement […]
Sustainable Finance in Nigeria: A Case for its Development
In a world beset by environmental, social, and economic challenges, it has become increasingly necessary for a realignment of common goals; one of these is the sustainability of the earth. The financial sector holds enormous power in funding and bringing awareness to issues of sustainability, whether by allowing for research and development of alternative energy […]
Obstacles on Nigeria’s Road to Increasing Tax Revenues
The Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Lagos, recently delivered judgment in an appeal, Checkpoint Software Technologies B. V. Nig Ltd v Federal Inland Revenue Service, in which it set aside penalties imposed by the Federal Inland Revenue Service (FIRS) for non-compliance with the filing obligations prescribed by the Country-by-Country Reporting Regulations […]