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CORPORATE & COMMERCIAL LAW


Obasa & Co. offers comprehensive services in all aspects of corporate and commercial practice both locally and internationally. The firm is quite proficient in the area of finance law, and acts on a wide range of matters from international capital markets activities to joint ventures, Mergers & Acquisitions, project finance and insolvency. We offer prompt commercial solutions to complex legal issues.

The services this department offers include:

• Formation and conduct of companies
• Preparation and vetting of joint venture and partnership agreements
• Advice on purchase, sale and financing of companies and businesses
• Advice on legal aspects of domestic and cross-frontiers mergers, acquisition and takeovers, in addition to raising equity capital
• Corporate re-organization and re-structuring
• Advice on and preparation of commercial agreements e.g. agency, distributions. Licensing, manufacturing, equipment leasing, joint venture agreements among others
• Debt asset recovery
• Stock exchange flotation and primary and secondary issue of securities
• Investment funds
• Provision of comprehensive company secretarial services by counsel
• Preparations of legal documentation for the transfer of real estate and related agreements

The corporate and commercial department s also incorporate a taxation unit with the assistance of a well versed consultant, offers advisory planning and consultancy services to some of the larger corporate concerns (domestic and internationally) in most sectors of the economy.

The Law

The legislation presently regulating corporate and commercial practice in Nigeria are Companies and Allied Matters Decree 1990 (as amended in 1991). The Securities and Exchange Commission Decree 1988, also promulgated were both The Nigerian Investment Promotion Commission Decree of 1995; The Foreign Exchange (Monitoring and Miscellaneous Provisions) Decree of 1995.

The two decrees of 1995 were promulgated for the purpose of promoting dealings in foreign funds by authorized persons. The promulgation of both decrees is expected to bring about an influx of foreign investment.

The law realing to corporate taxation matters in Nigeria is comprehensively contained in the Companies Income Tax Act of 1990.

 
 
© 2004 Obasa & Co. | email: info@obasaco.com