Fraud & Misrepresentation Risk in M&A Transactions
In 2021, JPMorgan Chase acquired Frank for $175 million, in an M&A transaction, seeking to deepen its footprint in the student financial services market.
Data Protection or Data Privacy: What Does Section 37 Really Guarantee?
If we treat every breach of data protection obligations as a breach of constitutional rights, we risk (a) flooding the courts with claims that should be regulatory in nature
Should VC Funds be Regulated like Mutual Funds?
Delaware should be the bench mark and part of the goal should be to position Nigeria as a magnet for risk capital, attracting tech founders and fund managers.
Paystack and the Holding Funds Rule: Implications for a PSSP
We analyse the “holding funds” rule as it applies to a PSSP and what this means for the design and structure of fintech products
Cryptocurrency Exchange Licenses in Nigeria
This legal update highlights some of the key legal requirements for establishing a cryptocurrency exchange business in Nigeria, succinctly as follows: 1. Registration as a Digital Asset Exchange (DAX) The SEC requires that any entity intending to operate a digital...
Celebrity Endorsement Deals in Nigeria for Global Brands
A major foreign brand looking to enter the Nigerian market sought to partner with an A-list Nigerian celebrity for a celebrity endorsement deal
Term Sheets in Nigeria – Venture Capital
Upon reviewing the Term Sheet, our legal team identified several unfavourable provisions that could jeopardise the company’s valuation
API Licensing in Nigeria
A dispute arose when the software vendor alleged that (a) the local fintech start-up had exceeded the agreed-upon usage limits in the licensing agreement and; (b) the local fintech start-up was sharing data with unauthorized third parties.
Meta’s Changes: More Speech, Fewer Mistakes
Whilst Meta’s proposed changes raise some concerns regarding online safety, there are a number of reasons why Meta’s pro-speech stance warrants further consideration.
E-Commerce Regulations in Nigeria – Key Considerations
Nigeria, Africa’s largest economy, offers significant growth potential for global e-commerce platforms seeking to expand into emerging markets