Fintech Lenders: From Unsecured to Secured Lending
We have a theory. It’s not original but it works: Fintechs and other lenders will significantly diminish loan losses as well as the risk of loan defaults if they take security over the movable assets of a borrower and if...
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...
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...
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.
Do you need to file a Defensive Trademark? What are the Rules for Filing Defensive Trademarks in Nigeria
One of the more consistent intellectual property management strategies that global brands deploy to prevent a dilution of their trademarks and to increase the value of their trademarks is to file a Defensive Trademark. If you are thinking about preventing...
Avoiding Permanent Establishment Risk – Nigeria’s New Dependent Agents Rule
Presidential Order 5 has thrown up an array of contracting structures between local promoters and foreign OEMs and partners looking to bid for government contracts. These contractual arrangements are increasingly subject of litigation both from a taxation point of view...
Conducting Layoffs in Tech Start-ups: What are the Rules for Nigerian Layoffs?
Layoffs are always going to be a tough decision for management but may also become necessary for the survival of an employer’s business. Depending on the factors giving rise to a management decision to conduct a layoff exercise..
409A Valuation: What is it? Why is it necessary and When would you need one?
As a tech founder, there are generally two types of company valuations that you would be involved with during the life of your startup. The first and the more common one is the venture investment valuation.