Intermediary Liability: Legal Considerations for Tech Platforms in Nigeria
Intermediary liability, as a legal and policy concern, raises the question: To what extent should tech platforms bear financial or criminal responsibility for the online actions or omissions of their users? As digital platforms continue to reshape industries and societies,...
Software as a Service in Nigeria: Some Commercial Issues
When global companies offer Software as a Service (SaaS) in Nigeria, they encounter distinct commercial challenges shaped by the country’s unique legal, economic, and business landscape. From navigating regulatory compliance and overcoming payment barriers to addressing data protection requirements and...
Key Competition Law Considerations for SaaS Suppliers and SaaS Resellers in Nigeria
A growing area of regulatory risk for SaaS resellers and SaaS suppliers involves the requirement and enforcement of resale price maintenance in SaaS Agreements. Under Nigerian competition law (the “FCCP Act”), contractual clauses which stipulate the price which any goods...
FCCPC fines Meta Platforms Inc & Whatsapp LLC $220 million
The FCCPC’s decision (the "Decision") to impose a $220,000,000 fine (the "Fine") on WhatsApp LLC ("WhatsApp") and Meta Platforms Inc. ("Meta") warrants an appellate review due to its unprecedented nature. This Decision affirms the powers of a competition regulator to...
Raising Money via Securitizations: Key Considerations for Startups
Contrary to common belief, the financing round following a Series A financing need not be a Series B equity financing. In between one equity financing round and the other, it is often prudent for founders to explore other innovative strategies...
Venture Capital Portfolio Roll-Ups Can Refine Exit Strategy in Africa
Portfolio add-ons and roll-ups are a great way for venture capital funds focused on tech companies in Africa to qualify an existing portfolio for an IPO, grow revenues, lower costs and improve an underperforming portfolio
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...
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.
Why is the Nigerian SEC Regulating Digital Assets? What Do Fintechs Need to Know?
The Securities & Exchange Commission (the “SEC”) has an inherent economic role of facilitating capital formation, meaning, from an economic standpoint, the SEC is also partly responsible for finding and regulating new and innovative ways by which members of the...
Registering a Nigerian Venture Fund: Some Key Issues
Nigeria’s venture capital rules do not appear to have been designed to attract modern venture capital. That’s concerning because venture capital fund managers perform an ..