The EEL presents a complex situation for businesses since there is a balancing act between encouraging local talent and maintaining access to specialized expertise..
A significant distinction between actions in rem and in personam lies in their enforceability. In an action in personam, judgments can be enforced against the assets of the defendant, irrespective of the nature of the claim.
The introduction of the Finance Act 2021 as amended, has brought a significant shift in the taxation landscape for non-resident companies, primarily through the concept of Significant Economic Presence.
There is currently no law in Nigeria that directly deals with telemedicine, rather what we have are laws that already exist that deal with various other matters that may relate to or arise in the course of telemedicine, they only address aspects of telemedicine practice and not the whole.
Conversely, a floating debenture functions as an equitable charge over the entirety or a designated portion of the project or assets, such as cash and the company’s uncalled capital, both now and in the future….
The National Space Research and Development Agency (NASRDA) Act of 2010 represents a significant milestone in Nigeria’s space exploration journey, providing a robust legal framework for advancing space science and technology in the country.
Under the United Nations Convention on Carriage of Goods by Sea (Ratification and Enforcement) Act, 2005, Nigerian courts play a pivotal role in adjudicating disputes arising from the carriage of goods by sea and interpreting the Act’s provisions. Judicial decisions, shaped by principles of fairness, equity, and international law, serve as guiding beacons for the maritime industry, clarifying the rights, obligations, and liabilities of the parties involved.
The Nigerian Maritime Sector, no doubt, contributes significantly to the nation’s economy. Recognising the significance of the sector, the Federal government in 2023 established the Ministry of Marine and Blue Economy. The importance of the sector also underscores the need for a detailed examination of admiralty jurisdiction and in which court it is vested as well as some intricacies surrounding same in the nation’s legal framework.
The development of legal technology, like its counterparts in diverse fields, took a progressive approach and lawyers in the earlier centuries were seen making use of ‘technological’ tools such as typewriters, phonographs and dictation machines, fax machines for the sending of documents, UBIQ terminal used for searching cases online, etc. However, recent years have seen the evolution of emerging technologies such as blockchain technology, artificial intelligence, cloud computing etc., as well as technological tools which have continued to impact the nation’s legal landscape.
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Debentures, serve as contractual obligations between creditors and the company, and often include a charge on the company’s assets, akin to a mortgage transaction.