The first Initial Creditors Meeting (ICM) to be recorded under Nigeria’s 2020 Companies and Allied Matters Act as well as the new Insolvency Regulations 2022 was held yesterday, Thursday, 20th October, 2022, at the Moorhouse Hotel, Ikoyi, Lagos State. The meeting, which was convened by Mr. Bidemi Daniel Olumide of Anaje Olumide Oke Akinkugbe (AO2LAW),…
British Prime Minister Liz Truss announced her resignation Thursday after 44 days in office, making her the shortest-serving prime ministers in British history. Truss, the country’s third female prime minister, was unable to save her embattled premiership even though she ditched her entire economic plan and replaced two key Cabinet posts over the past week….
President Muhammadu Buhari has given his assent to Nigeria Start-up Bill 2022, which now becomes an Act. Minister of Communications and Digital Economy, Isa Pantami revealed this to State House Correspondents, shortly after the President appended his signature on the bill. He said the new Act will come into effect with so many economic benefits…
The Speaker of Ekiti State House of Assembly in South-West Nigeria, Funminiyi Afuye is dead. “Rt. Hon Afuye died Wednesday evening at the Ekiti State Teaching Hospital (EKSUTH), Ado- Ekiti, where he was receiving treatment after suffering a cardiac arrest,” Yinka Oyebode, the Chief Press Secretary to Governor Abiodun Oyebanji, said in a statement Wednesday….
Extract – As the British Virgin Islands focused on the sales of companies, the Cayman Islands on the hedge fund market and Bermuda on insurance and reinsurance capital, the Turks and Caicos Islands (“TCI”) looked much closer to home as the basis for sustained economic growth: its many miles of prize-winning beaches. With tourism in…
In Canada, as the make up of families change, the resolution of parenting issues becomes more complex. The laws in each province and the federal laws set out a non-inclusive list of factors for the Court to consider when deciding parenting issues. Included in those factors is the relationship between the child and the parent…
The discovery of oil in Guyana has proved transformative beyond all expectations for both itself and its main investors, namely ExxonMobil for whom the small South American country now represents roughly 6% of global production. With output having reached 300,000 barrels of oil per day, Guyana now accounts for one third of all crude oil…
In the last 30 to 40 years, Canadian case law and legislation on Indigenous rights have evolved. For example, Canadian courts have articulated the substance of principles such as the duty to consult, fiduciary duty and Honour of the Crown. Moreover, Canada’s constitution which was patriated in 1982, entrenched Aboriginal and treaty rights in section…
Major challenges We are all aware of the major challenges we have faced in the past two to three years. Covid of course being top of the list, with lockdowns, death of loved ones, businesses failing and a huge increase in mental health problems. No sooner had we begun to emerge from the pandemic than…
Welcome It is a great pleasure to welcome you to this first edition of the Americas Hub newsletter. It has been prepared with the diligent and attentive help of Sophie Stanbrook, the Commonwealth Lawyers Association Council member for the Turks and Caicos Islands, who has kindly agreed to serve as our Americas Hub newsletter editor….