Navigating US sanctions in Singapore: Part 1: Bank Payments under Letters of Credit
America has one of the most wide-ranging sanctions regimes, which in some cases are also designed to have extra-territorial reach on non-US persons.
The Nigerian Arbitration And Mediation Act, 2023 – The Dawn Of A New Era For Arbitration And Mediation Practices In Nigeria
Introduction The Arbitration Law of any nation is the established legal framework for resolving disputes outside the traditional court systems by providing parties to a dispute, with a fair and impartial alternative to litigation.
THE WANING POPULARITY OF DIPLOMATIC PROTECTION IN RESOLVING INTERNATIONAL INVESTMENT DISPUTES
INTRODUCTION In a bid to impact the local economy of a State, most developed and developing countries strive to attract foreign direct investment (“FDI”) with a view to bringing new opportunities for education,
FROM BIIL TO ACT: WHAT HAS CHANGED IN THE GOVERNANCE AND INSTITUTIONS PROVISIONS OF THE PETROLEUM INDUSTRY ACT 2021?
The President of the Federal Republic of Nigeria, President Muhammadu Buhari, finally signed the Petroleum Industry Bill (“PIB”) 2021 (now Petroleum Industry Act, “PIA”, the “Act”) into law on August 16,
NAIRA’S DIGITIZATION VIA THE E-NAIRA: BEYOND FINANCIAL INCLUSION
Introduction Nigeria’s monetary system has seen considerable reforms in the past years. In carrying out its supervisory functions, the Central Bank of Nigeria (“CBN”) has developed various monetary policies to ensure the system’s effectiveness,
REVIEW OF THE PETROLEUM INDUSTRY BILL 2021 – PART THREE CHAPTER ONE – GOVERNANCE AND INSTITUTIONS (CONTINUED
Establishment and Objectives Section 29 (1) of the Petroleum Industry Bill 2021 establishes the Nigerian Midstream and Downstream Petroleum Regulatory Authority (the “Authority”) to oversee and regulate the technical and commercial aspects of both the midstream and downstream operations in the Nigerian oil and gas industry.[1]
REVIEW OF THE PETROLEUM INDUSTRY BILL 2021 – PART TWO CHAPTER ONE – GOVERNANCE AND INSTITUTIONS (CONTINUED)
Introduction In the first instalment of our series on the review of the Petroleum Industry Bill 2021 (“PIB”, “Bill”),
REVIEW OF THE PETROLEUM INDUSTRY BILL 2021 – PART ONE
After almost two decades, the long and protracted reform process of the Petroleum Industry Bill 2020 (“PIB”, “Bill”) culminated in the splitting of the Bill into four smaller legislations for quicker passage covering industry governance,
MFSA publishes observations from inspections with issuers
On 9 August 2023, the Malta Financial Services Authority (“MFSA”) published a circular with its observations following numerous market abuse-related supervisory inspections which it has been carrying out with Maltese issuers since 2018.
TRANSPARENCY: THE MUCH-CLAMOURED WAY FORWARD IN RESOURCE GOVERNANCE
Introduction The Nigerian economy is heavily dependent on the oil and gas sector. The sector accounts for about 65% of government revenue and 88% of the nations export earnings.[1]