On 13 November 2019, the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) published Guidelines on the Simplified Process for Foreign to Foreign Mergers with Nigerian Component (Guidelines).
Alliance Law Firm has successfully moved the Court of Appeal of Nigeria to affirm the powers of Securities And Exchange Commission (SEC) to oversight the operations of public companies in Nigeria. In a landmark judgment delivered on 31st January, 2019, the appellate court constituted by three man panel unanimously reversed the ruling of the Federal High Court,
In one of the biggest labour related matters with a claim of almost N71, 465,258,143.00 from about 74 Claimants in Nigeria, the National Industrial Court, Lagos division has come to a conclusion that employee making a claim in an employment or labour case has the burden of proving his entitlement to the claim and the quantum of his claim in terms of how he came by the said claim.
Alliance Law Firm has acted as transaction Solicitor and Adviser to Neconde Energy Limited (“Neconde”) on the successful refinancing and restructuring of its existing $640 Million (Circa N2.3 Trillion) Senior Secured Medium Term Loan Facility Agreement with a consortium of local and international banks. The local banks involved are Access Bank, Fidelity Bank, Zenith Bank and First Bank of Nigeria’s UK subsidiary i.e. First Bank (UK) Limited. The international lenders are Africa Export-Import Bank (Afrexim), Africa Finance Corporation (AFC) and Glencore Energy (UK) Limited.
Alliance Law Firm was fully present at the just concluded Nigerian FinTech Week which held between Monday 28th October to Saturday 2nd November 2019. The event with the theme; Surviving with FinTech Innovation: What are the sustaining factors featured an array of opportunities to explore finch innovation in Nigeria.
Alliance Law Firm held its 2019 lecture themed: “Leveraging Technology to Develop and Re-brand Nigeria” The lecture forms part of the firm’s corporate social responsibility, aimed at giving back to the society through promoting a rich interactive discussion on the above theme which is critical to the socio-economic development of Nigeria.