On the 12th of June 2023, President Bola Ahmed Tinubu signed, the Evidence (Amendment) Act 2023 (‘the Act’) into law. This amendment ushers in radical changes to the practice and procedure of evidence taking in Nigerian courts. The Act does not repeal the Evidence Act, 2011(the ‘Principal Act’). It, however, amended certain provisions of the …
Download PDF 1. Introduction Financing is the lifeblood of every business, and where there are no funds or there is inadequate funding, businesses struggle to attain reasonable growth, and some may even go into liquidation. It is therefore important that businesses acquire external financing to commence operations or scale up. Businesses also need to source …
Introduction In recent years, technology has emerged as a crucial catalyst for growth and efficiency across various sectors of the Nigerian economy, including the maritime sector which has always been an essential part of the Nigerian economy, and with the advent of digitalization, the industry is poised for a massive transformation. As Nigeria seeks to …
Download PDF The concept of “admiralty practice” is an age-long international concept dealing withtransactional matters pertaining to the use and operation of vessels. The concept is often said to be “sui generis” because it is a distinct class with features that are not common to other transactional matters. Prominent among these features are the concept of “action in …
Download PDF Introduction One of the noteworthy achievements of the 9th National Assembly of the Federal Republic of Nigeria is the transmission of sixteen (16) constitutional amendment Bills to the then President of the Federal Republic of Nigeria, H.E. Muhammadu Buhari, for amendment of various provisions of the Constitution of the Federal Republic of Nigeria, …
AMENDED PROVISIONS OF THE NIGERIAN CONSTITUTION In January 2023, the Ninth National Assembly, in compliance with Section 9 of the Constitution of the Federal Republic of Nigeria, submitted about 35 Constitutional Amendments Bills to the President for assent. Consequently, on the 17th day of March 2023, the President assented to only 19 bills. This, among …
Download PDF INTRODUCTION The environment is crucial to human existence, and it must be protected from pollution caused by human activities. Global warming and climate change are the consequences of human activities, and if not controlled, they could lead to the extinction of humanity. Fossil fuel use is a significant contributor to global warming and …
FINANCING GREENER SHIPPING IN AFRICA: THE CASE OF GREEN LOAN AND BOND Read More »
Foundation Chambers has been ranked as a Top Tier Firm in Shipping and Transport in the latest edition of the Legal 500 EMEA (Europe, Middle East, Africa) for the year 2023. This prestigious recognition is a testament to the commitment and hard work of our brilliant team of lawyers, who consistently strive to provide exceptional …
FOUNDATION CHAMBERS RECOGNISED IN LEGAL 500’S 2023 GUIDE Read More »
What is ESG? The letters E-S-G mean Environment, Social and Corporate Governance.[1] The phrase “ESG”, on the other hand, refers to “the active corporate involvement and the establishment of strategies and corporate practices that focus on environmental, social and corporate governance issues.”[2] An ESG Policy document depicts the company’s planned strategy to reduce the risks associated …
The Importance of Developing an ESG policy in Shipping Companies in Nigeria Read More »
