Dikko & Mahmoud’s Post

"Stren & Blan Partners, will present an insightful webinar on the intricate landscape of enforcing foreign judgments and arbitral awards in Nigeria. With globalization driving cross-border transactions and disputes, understanding the nuances of enforcement procedures in Nigeria is paramount for legal practitioners and stakeholders alike." In the upcoming Mondaq webinar from Stren & Blan Partners, Amala Umeike, Joseph Siyaidon, Esq, MCIArb. and Omobolaji Bello will cover: • An overview of the procedures for the enforcement of foreign judgments in Nigeria, complexities and best practices. • Examination of the enforcement of foreign arbitral awards in view of the Arbitration and Mediation Act, 2023, challenges and recommendations for best practice. • Dispute Funding in Nigeria: Insightful discussions on third-party funding as well as dispute funding in Nigeria generally, and how this can assist foreign claimants in navigating risk associated with enforcement and asset recovery in Nigeria. Register NOW for FREE expert insights on April 11th 2024: https://bit.ly/432sazE #foreignjudgements #arbitralawards #Nigeria #enforcementprocedures #disputefunding #webinars #contentmarketing #legalinsights #lawfirmmarketing #legalmarketing #mondaq

In the latest judgment involving the case of P&ID’s dispute with the Federal Republic of Nigeria, the Court of Appeal held that it had jurisdiction in principle to hear Process & Industrial Developments’ appeal to a costs order, made at first instance. However, on the merits, the appeal was dismissed, confirming the position when it comes to the separate question of the currency in which the court should order costs. Read more here: https://lnkd.in/e3ym3qqB #InternationalArbitration #Arbitration

My Master of Laws (LL.M) dissertation focused on Investor State Dispute Settlement (ISDS), offering an in-depth analysis of this area of law and examining the role of ISDS in resolving disputes in international trade. It is available here: https://selar.co/2744u4 In the wake of Zhongshan Fucheng Industrial Investment Co. Ltd. v. The Federal Republic of Nigeria, this is a useful resource material to have.

Once, I had the opportunity to listen to an inspiring speech by Justice (Retd.) Dr Fauz Twaib during the 4th Victory Attorneys Moot Court on the regulation of Carbon-credit trading. In his speech, Dr. Twaib highlighted several important issues. Here are a few that I found particularly helpful: 1. Diversity: As a lawyer and legal practitioner, it is essential to diversify your fields of practice to gain varied experience. Dr. Twaib emphasized the importance of broadening one’s practice to include commercial, social, and other matters. 2. Staying Updated: Lawyers need to stay informed about emerging issues affecting both the legal and extralegal fields. Dr. Twaib encouraged young lawyers to stay updated and knowledgeable about current developments in technology and legal aspects such as cryptocurrencies and carbon trading. 3. Emotional Intelligence: Dr. Twaib highlighted the necessity of maintaining peace of mind and emotional stability in legal practice. He stressed the importance of learning emotional intelligence to manage emotions effectively, especially when facing challenging situations that could impact emotional stability. Justice (Retd.) Dr Fauz Twaib is a retired Judge of the High Court and Justice of Appeal of the Court of Appeal of Tanzania. He is currently the President of the East Africa Law Society. Given his esteemed status, position, and extensive experience in the legal field, I find his insights persuasive and encouraging. As a young lawyer, I am inspired by his speech and look forward to implementing these principles in my career development. #LegalPractice #StayUpdated #CareerDiversity #EmotionalIntelligence

After wandering about, I'm back to talk on law 🫢 Let's briefly take a look at limitation of action in Nigeria. It's a fundamental principle of law that every individual has the right to fair hearing P.D.P. v. I.N.E.C. (1999) 11 NWLR (Pt. 626) 200. However, there are situations where by you can't be heard by the court anymore, because you've slept on your right. Timing in law is of great relevance, everything is timed, and it is expected of a concerned party to stick to the timing, be it a statutory or procedural one. An equitable maxim that fits in to our discussion at hand, is, Equity aids the vigilant and not the indolent (Delay defeats Equity). In law, various kind of actions have their statutory deadlines, if your suit is not instituted before the deadline then you can't institute same in court again. In EBIOGBE vs. NNPC (1994) 5 NWLR (Pt. 347) 649 the court asserted that: where a statute prescribed a period within which an action must be commenced, legal proceedings cannot be properly or validly be instituted after the expiration of the prescribed period. The central legislation governing the issue of limitation is the " THE LIMITATION OF ACTIONS ACT". Let's make it brief, tomorrow we'll pick up from where we stop. #lmc21dayslinkedinchallenge

The article explores the legal battle between Zhongshan Fucheng Industrial Investment Co. Ltd and the Federal Republic of Nigeria arising from a joint venture between Zhongshan and the Ogun State Government that led to a $70 million arbitral award and has culminated in the recent seizure of three presidential jets belonging to the Federal Republic of Nigeria. TEMPLARS Partner, Adewale Atake, SAN, and Senior Associate, Orji A. Uka, MCIArb, highlight the complexities of enforcing arbitral awards under international law, focusing on the New York Convention. They explain how Zhongshan utilized asset tracing and court proceedings to secure enforcement against Nigerian assets abroad, while also noting procedural delays that have weakened Nigeria’s efforts to resist the enforcement. Read the full article: https://lnkd.in/dUT6kM5v ........................................... #InternationalArbitration #ArbitralAwards #LegalEnforcement #ZhongshanCase #NigeriaLaw #AssetTracing #NewYorkConvention #LegalComplexities #InternationalLaw #DisputeResolution #LegalInsights #GlobalLitigation #PresidentialAircraft

The article explores the legal battle between Zhongshan Fucheng Industrial Investment Co. Ltd and the Federal Republic of Nigeria arising from a joint venture between Zhongshan and the Ogun State Government that led to a $70 million arbitral award and has culminated in the recent seizure of three presidential jets belonging to the Federal Republic of Nigeria. TEMPLARS Partner, Adewale Atake, SAN, and Senior Associate, Orji A. Uka, MCIArb, highlight the complexities of enforcing arbitral awards under international law, focusing on the New York Convention. They explain how Zhongshan utilized asset tracing and court proceedings to secure enforcement against Nigerian assets abroad, while also noting procedural delays that have weakened Nigeria’s efforts to resist the enforcement. Read the full article: https://lnkd.in/dUT6kM5v ........................................... hashtag #InternationalArbitration hashtag #ArbitralAwards hashtag #LegalEnforcement hashtag #ZhongshanCase hashtag #NigeriaLaw hashtag #AssetTracing hashtag #NewYorkConvention hashtag #LegalComplexities hashtag #InternationalLaw hashtag #DisputeResolution hashtag #LegalInsights hashtag #GlobalLitigation hashtag #PresidentialAircraft

The article explores the legal battle between Zhongshan Fucheng Industrial Investment Co. Ltd and the Federal Republic of Nigeria arising from a joint venture between Zhongshan and the Ogun State Government that led to a $70 million arbitral award and has culminated in the recent seizure of three presidential jets belonging to the Federal Republic of Nigeria. TEMPLARS Partner, Adewale Atake, SAN, and Senior Associate, Orji A. Uka, MCIArb, highlight the complexities of enforcing arbitral awards under international law, focusing on the New York Convention. They explain how Zhongshan utilized asset tracing and court proceedings to secure enforcement against Nigerian assets abroad, while also noting procedural delays that have weakened Nigeria’s efforts to resist the enforcement. Read the full article: https://lnkd.in/dUT6kM5v ........................................... #InternationalArbitration #ArbitralAwards #LegalEnforcement #ZhongshanCase #NigeriaLaw #AssetTracing #NewYorkConvention #LegalComplexities #InternationalLaw #DisputeResolution #LegalInsights #GlobalLitigation #PresidentialAircraft

I will be speaking on “Restructuring of the Nigerian State: A Veritable Tool for National Development” at the Nigerian Bar Association, Benin Branch Law Week This event promises to be a significant milestone in our ongoing discourse on national development and governance. Join the conversation as we explore how restructuring can be a transformative tool for national development and contribute to the realization of a prosperous and united Nigeria. #ProactiveBar #Lawyersfirst #Fortheloveoftheprofession

The BNLF is excited to be collaborating with Stren & Blan Partners to bring our members and guests a #roudtable discussion on #Strategies for #Enforcing Foreign #Judgments and Arbitral #Awards in #Nigeria. We will: 1. Explore statutes and case law to understand the applicable statutory laws and relevant case law in Nigeria on the enforcement of foreign judgments and arbitral awards.   2. Delve into recent changes that will engender investors and businesses to undertake business in Nigeria with the assurance of being able to recoup their funds. 💱   3. Identify strategies for enhancing returns and ensuring the successful enforcement of foreign judgments and arbitral awards in Nigeria. 💹   4. Discuss dispute and asset recovery funding in Nigeria with a special expose on the SBP Dispute Fund. 💰   We are excited about this discussion and for the exchange of knowledge and insights that it promises. Space is limited and attendance by non-BNLF members is strictly by invitation with there being only a few places remaining. If you would like to attend the roundtable, please register your interest by writing to the BNLF at info@bnlf.org.uk copying in contact@strenandblan.com. British Nigeria Law Forum: Business Law Network British Nigeria Law Forum Women’s Network British Nigeria Law Forum: Junior Lawyers Division