Foreign Investments
Overview
Members of our firm have presented papers at both local and international seminars on the legal framework for doing business in Nigeria, such papers being the product of very in-depth research and analysis of Nigerian laws, beginning from the indigenization era to the present regime. This puts us in good stead to be able to advise foreign investors generally. Specific areas where we have advised include, areas in which foreign investors can participate in; the types of ventures foreign investors can fully own; whether a foreign investor requires to be incorporated in Nigeria locally; guarantees against expropriation and other forms of statutory guarantees that exist; whether foreign investors can repatriate profits and capital generally; whether foreign investors can acquire Real Estate; whether there is a Competition/Antitrust law in Nigeria; Nigerian Labor and Immigration laws as well as consumer laws; choice of parties to determine the governing law in international contracts; the attitude of Nigerian Courts to a choice of forum clause, as well as an arbitration clause, etc.
Further, we have had to examine sector specific legislations and interpret among others, the Companies and Allied Matters Act (CAMA); Nigerian Investment Promotion Commission (NIPC) Decree; Investment & Securities Act (ISA); National Office for Technology Acquisition and Promotion Decree (NOTAP); Land Use Act, among others. We have also had to liaise with their regulatory bodies/agencies - Corporate Affairs Commission (CAC); National Investment Promotion Commission (NIPC), Securities and Exchange Commission (SEC); and the various land registries.