In May 2014 the SEC published new rules which introduced exemptions to the mandatory takeover offer regime. Furthermore, the NSE has made further rules to protect minority rights and entrench global best practice in Nigeria. This was a year with significant transactional activity in the banking, oil and gas, food and beverages, power, insurance and manufacturing sectors; in part this was due to regulatory directives while local and foreign direct investment also played a role.
Historically, the Nigerian courts are renowned for being overburdened and slow. However, in the past few years significant efforts have been made to diminish delays, in particular through reforms to the procedural rules for Lagos State High Court in 2012. Judges can identify cases that will be suitable for mediation and can dismiss certain cases earlier, speeding up proceedings. Combined with this, Nigeria continues to experience strong economic growth and as such is an attractive investment option for foreign investors. Against this backdrop litigators have found themselves in high demand, reflected in our research where 26 leading practitioners are listed for their outstanding contribution to the field.
Nigeria has seen another busy year in its construction and real estate sectors, as its wealth of natural resources continues to be a big pull for investors. Infrastructure and energy projects have been two of the most prosperous areas reported in the last year, with expectations that this trend will continue into 2016. In this field we list three “leading” practitioners.
The intricacies of Nigeria’s labour and employment laws are a difficult obstacle for foreign entities positioned in the market. As the country’s economy continues to grow and energy and natural research projects require foreign expertise it is essential to seek the counsel of established figures. We have selected three leading names in the field.
After strong double-digit gains in its equity markets and returning confidence among foreign investors over the past year, Nigeria’s capital markets have continued to perform strongly in 2015. With the stock market poised for continued growth, lawyers are likely to see further enquiries from domestic and international clients as new products and greater liquidity facilitate easier market access for global funds. Our research identifies 16 prominent individuals.
It is not possible to buy entry into any Who's Who Legal publication
Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.