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Recent News From Fred-Young & Evans

Effect of COVID-19 Pandemic on Litigation and Dispute Resolution in Nigeria in 2021

Effect of COVID-19 Pandemic on Litigation and Dispute Resolution in Nigeria in 2021

Published: 30 Mar 2021

What areas of law have you been predominantly working on over the past 12 months? During this period, we advised various clients on the effect of force majeure caused by the COVID-19 pandemic lockdown (“the lockdown”) on existing commercial obligations. We also advised our foreign clients on the legal framework of business opportunities which the COVID-19 pandemic (“the pandemic”) has sprang up in...

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Why Construction Liens Should Be Adopted In Nigerian Legal System? A Clarion Call For Urgent Reform

Why Construction Liens Should Be Adopted In Nigerian Legal System? A Clarion Call For Urgent Reform

Published: 26 Jan 2021

Construction liens are legal claims for money expended or unpaid compensation filed by a contractor or other professional on a building or design. This is done by filing a public notice on a property stating that the owner of the property owes the contractor a stated sum of money. It can also be filed by a subcontractor or materials supplier for any work done on a building. The purpose of a constr...

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Determinants of Practical Completion and Defect Liability Period of a Building Project under Nigerian Law

Determinants of Practical Completion and Defect Liability Period of a Building Project under Nigerian Law

Published: 03 Dec 2020

Though the date of practical completion is of great importance to a building project, it does not have a unanimous definition. Generally, the date of practical completion is not merely the date in which the Client takes over possession of the building. In fact, practical completion may be achieved without the Client taking over physical possession of the building. Technically and legally, practica...

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Why Should the Provisions of the New Company Law Usurp the Constitutional Rights of Nigerians?

Why Should the Provisions of the New Company Law Usurp the Constitutional Rights of Nigerians?

Published: 11 Sep 2020

The Companies and Allied Matters Act, 2019 (“the new CAMA”) recently signed into law by the President of the Federal Republic of Nigeria is a welcome development to Nigerian businesses. It has addressed the bottlenecks in formation of business entities and improved Nigerian corporate governance. It has also given leverage to small companies to thrive and incorporated technological innovations to t...

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Benefits Upon Discharge on Grounds of Redundancy in Nigeria 

Benefits Upon Discharge on Grounds of Redundancy in Nigeria 

Published: 24 Aug 2020

Like in other countries, the COVID-19 pandemic has affected the survival of many businesses across all the sectors in Nigeria. In other to grapple with the rough tides and remain in business, owners of businesses have deliberately cut down the cost of running their business by reducing overhead costs, declaring some posts redundant and reducing their workers by discharging them on grounds of redun...

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Improvements in Corporate Governance in Nigeria

Improvements in Corporate Governance in Nigeria

Published: 17 Aug 2020

On 7th August 2020, President Muhammadu Buhari of Nigeria signed the amended Companies and Allied Matters Act into law (“the amended CAMA”). Whilst the new law adopted most of the provisions in the Companies and Allied Matters Act, 1990, it introduces some new provisions for the purpose of entrenching the ease of doing business in Nigeria and to ensure that the practice of business entities meets ...

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Is the AGF’s Discretion to Promulgate an Order to Bring Part 1 of the Foreign Judgment Reciprocal Enforcement Act, 1990 Into Operation, Absolute?

Is the AGF’s Discretion to Promulgate an Order to Bring Part 1 of the Foreign Judgment Reciprocal Enforcement Act, 1990 Into Operation, Absolute?

Published: 03 Aug 2020

Upon Nigeria’s independence from colonial rule, the legislature passed a Foreign Judgment Reciprocal Enforcement Act (“the Act”) with a commencement date of 1st February 1961 (“the commencement date”). Section 3 of the Act provides that upon the satisfaction of the Minister of Justice and Attorney-General of the Federation (“the AGF”) that other Countries have reciprocal treatment of Judgments wit...

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Now That I Have an Arbitral Award Against A Nigerian Company, What Do I Do?

Now That I Have an Arbitral Award Against A Nigerian Company, What Do I Do?

Published: 27 Jul 2020

The essence of parties referring their dispute to arbitration is for the arbitral tribunal to make a valid and reasoned award which is capable of being enforced in a jurisdiction where the unsuccessful party has assets to satisfy the arbitral award. Usually, after an award is made, the successful party writes to the unsuccessful party to settle the sums awarded in the arbitral award within the tim...

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