Dr Babatunde Ajibade is the managing partner of SPA Ajibade & Co, a leading corporate and commercial law firm with offices in Lagos, Ibadan and Abuja, Nigeria.
Babatunde is a dispute resolution specialist and has substantial expertise in international commercial arbitration, especially in the fields of company law, hospitality law and investment treaty law. He has conducted arbitration proceedings under the UNCITRAL and LCIA rules involving complicated shareholder disputes arising from the alleged breach of restrictive pre-emptive rights and damages claims arising from alleged breaches of hotel development and management contracts. He has also conducted several ad hoc references and is currently coordinating an investment treaty arbitration claim against a host state. Babatunde also sits as an arbitrator, and is currently presiding as sole arbitrator in an international commercial arbitration with its seat in Lagos, Nigeria involving alleged breaches of the terms of an international executive employment contact.
Babatunde also has extensive experience in all aspects of corporate and commercial litigation. He has prosecuted and defended numerous claims relating to corporate disputes acting on the instructions of shareholders, directors or their companies. He has also prosecuted and defended several claims on behalf of and against banks and insurance companies. He has a firm grasp of the commercial issues involved in such litigation.
Babatunde also has extensive experience in transactional corporate and commercial legal practice and has been involved in the formation, maintenance and regulation of all types of business entities in Nigeria. He has been involved in the Nigerian capital market as a solicitor in several public offers of securities and in mergers and acquisitions and was the pioneer secretary, vice chairman and is a past chairman of the Capital Market Solicitors Association. He was vice chairman of the rules and regulations sub-committee of the Securities and Exchange Commission’s capital markets committee, a member of council and vice chairman of the banking, finance and insolvency sub-committee of the Nigerian Bar Association’s section on business law.
Babatunde is a member of the LCIA’s African Users Council, the Lagos Court of Arbitration and the Chartered Institute of Arbitrators.
Babatunde was called to the Nigerian Bar in 1989. He obtained an LLM degree in corporate and commercial law in 1990 and a PhD in private international law in 1996, both from King’s College London. He has been a fellow of the Society of Advanced Legal Studies in the UK since 1996. He was elevated to the rank of Senior Advocate of Nigeria in December 2007. He was awarded the International Practice Fellowship of the International Bar Association in Madrid in October 2009 and he became a fellow of the Chartered Institute of Arbitrators UK in January 2015.
WWL says: Babatunde Ajibade SAN has a “formidable reputation in the market”, particularly for his work involving both domestic and international commercial arbitrations as well as in investment treaty arbitrations.
This biography is an extract from Who's Who Legal: Nigeria which can be purchased from our Shop.