Olubunmi Abayomi-Olukunle, Author at Balogun Harold

Doing Business in Nigeria Using Joint Venture Structures

Doing Business in Nigeria Using Joint Venture Structures

Joint ventures have proven to be a highly resilient market-entry structure for conducting business in Nigeria. These strategic partnerships allow foreign businesses to collaborate with local partners, not only to share investment burdens, risks, and costs but also to effectively...

September 4, 2023

ChatGPT – Some Legal Considerations for Users

Insights Technology, Media & Digital Economy

ChatGPT – Some Legal Considerations for Users

This legal update summarises some of the legal issues that may arise from the use of ChatGPT. What is ChatGPT? In simple terms, the Chat Generative Pre-trained Transformer (“ChatGPT”) is an artificial intelligence platform that allows users to input content...

September 4, 2023

Anton Piller Orders – A Powerful Tool to Protect your Intellectual Property

Explainer Technology, Media & Digital Economy

Anton Piller Orders – A Powerful Tool to Protect your Intellectual Property

When an employee or vendor steals your intellectual property or another company monetises your trademarks, patent or intellectual property rights, without your consent, one of the legal strategies that can be used to checkmate such illegal activity is to get...

September 4, 2023

Carbon Emissions Trading: Key Considerations for Investors

Infrastructure, Power & Energy Legal Update

Carbon Emissions Trading: Key Considerations for Investors

The carbon emissions trading market is finally taking off in Nigeria. There are at least 5 regulatory developments which support this conclusion. First, is the publication of the revised National Policy on Climate Change (2021-2030)

September 3, 2023

Insights Technology, Media & Digital Economy

Is Web Scraping Illegal in Nigeria?

This legal update highlights some key legal issues for web scraping companies in Nigeria, based on a recent client engagement.

September 3, 2023

A Highlight of the Key Protections for Private Asset Management Companies

Investment Funds & Financial Institutions

A Highlight of the Key Protections for Private Asset Management Companies

The Bank and other Financial Institutions Act 2020 (the "BOFIA 2020") provides a number of protections for Private Asset Management Companies in Nigeria. In 2017, Nigeria's Central Bank ( the "Central Bank") proposed a legal framework for licensing Private Asset...

August 19, 2023

Assignment or Transfer of License & Permit Regulations, 2023: Some Key Considerations for Investors

Infrastructure, Power & Energy

Assignment or Transfer of License & Permit Regulations, 2023: Some Key Considerations for Investors

Petrol stations, pipeline companies, products storage, gas distribution & oil refining companies are now required to obtain regulatory consent for a change of their names and for a transfer/sale of their licenses or permits (“License”)[1]. This requirement is as per...

July 13, 2023

Recent Changes to the Operation of Domiciliary Accounts in Nigeria

Investment Funds & Financial Institutions

Recent Changes to the Operation of Domiciliary Accounts in Nigeria

As part of efforts to unify the foreign exchange market in Nigeria, the Nigerian Central Bank recently announced changes to the operation of domiciliary accounts in Nigeria. This legal update summarizes the most recent changes to the operation of domiciliary...

June 20, 2023

Nigeria’s Central Bank Governor: Suspension & Immunity from Legal Actions – Matters Arising

Investment Funds & Financial Institutions

Nigeria’s Central Bank Governor: Suspension & Immunity from Legal Actions – Matters Arising

A number of legal issues have been thrown up in the wake of the suspension of the Governor of Nigeria's Central Bank (the “Governor”), by Nigeria’s President and the subsequent arrest of the Governor by Nigeria’s State Security Services. One...

June 11, 2023

The Quincecare Duty of Care: Lessons for Nigerian Banks & Fintechs

Insights Investment Funds & Financial Institutions

The Quincecare Duty of Care: Lessons for Nigerian Banks & Fintechs

The Quincecare duty is an implied legal duty of care placed on commercial banks, investment banks, fintechs[1] and other financial institutions (“Banks”) to refrain from executing a payment instruction where there are reasonable grounds for believing that, a payment instruction...

April 8, 2023

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Author: Olubunmi Abayomi-Olukunle

Doing Business in Nigeria Using Joint Venture Structures

ChatGPT – Some Legal Considerations for Users

Anton Piller Orders – A Powerful Tool to Protect your Intellectual Property

Carbon Emissions Trading: Key Considerations for Investors

Is Web Scraping Illegal in Nigeria?

A Highlight of the Key Protections for Private Asset Management Companies

Recent Changes to the Operation of Domiciliary Accounts in Nigeria

Nigeria’s Central Bank Governor: Suspension & Immunity from Legal Actions – Matters Arising

The Quincecare Duty of Care: Lessons for Nigerian Banks & Fintechs

Service-Based Electricity Tariffs in Nigeria: Key Considerations

Aircraft Financing in Nigeria: Some Key Legal Considerations

New Minimum Share Capital Requirements For Nigerian Banks: Some Legal Considerations for Bank Investors and Shareholders

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