SIMMONSCOOPER PARTNERS

📢 Webinar Alert The ECOWAS Regional Competition Authority (ERCA) was established to promote regional economic integration by ensuring fair competition and addressing cross-border anti-competitive practices. This development presents new opportunities and raises important questions about its potential impact on stakeholders. To discuss these developments, the Consumer Protection & Competition Law Committee of NBA-SBL has organised a webinar titled “Enhancing Regional Competition Law Enforcement within ECOWAS.” Our Managing Partner, Ikem Isiekwena will share insights on the role of ERCA, its potential impact on regional collaboration, and its significance for national competition authorities, businesses, and practitioners. 🗓️ Date: Thursday, Dec. 12, 2024 ⏰ Time: 2 PM - 3 PM (WAT) Register here to join the conversation: https://lnkd.in/dZzxZagG

We are pleased to announce that our Senior Associate, Oluwadara Omoyele and Associate, Mercy Ikeokwu have been recognised as winners of the Mondaq Thought Leadership Awards, Autumn 2024, in the Antitrust/Competition category. Their insightful article addresses the complexities of navigating market dominance and achieving compliance with competition laws—a timely and important conversation as competition authorities around the world increase enforcement actions involving dominant entities, particularly in the big tech sector. It is rewarding to see our analysis resonate within the industry, and we are proud to contribute to these essential discussions. Read the full article here: https://lnkd.in/dbPU7qfk Thank you to Mondaq for this recognition and to everyone who has engaged with our work!

We are pleased to announce that our Associate Partner, Adegoke Adedoyin and Associate, Oluwaseyi Temiloluwa Adebayo have been recognised as winners of the Mondaq Thought Leadership Awards, Autumn 2024, in both the Food, Drugs, Healthcare & Life Sciences and Data Protection categories. Their article provides valuable insights into the legal implications and regulatory compliance challenges faced by telehealth providers in Nigeria, highlighting critical considerations in the evolving landscape of healthcare law and data protection. Read the full article here: https://lnkd.in/epsP3Z7W Thank you to Mondaq for this recognition, and to everyone who has engaged with our insights!

We are pleased to announce that our Deputy Managing Partner, Funmilola Mesaiyete along with Associates Oluwaseyi Temiloluwa Adebayo and Sharon Omoregie have been recognised as winners of the Mondaq Thought Leadership Awards, Autumn 2024, in the Fintech category. Their forward-looking article explores the inclusion of digital assets in wealth management—a crucial conversation in today’s digital world to ensure value is preserved and managed effectively. It’s rewarding to see their insights making an impact, and we’re proud to be part of this important dialogue on the future of wealth management. Read the full article here: https://lnkd.in/dZsYZc-S Thank you to Mondaq for this recognition, and to everyone who has engaged with our work!

We are pleased to announce that our Managing Partner, Ikem Isiekwena and Senior Associate, Ema Ogbe have been recognised as winners of the Mondaq Thought Leadership Awards, Autumn 2024, in the Energy & Natural Resources category. Their insightful article addresses the critical issues surrounding electricity supply and the ongoing challenges of establishing fair and sustainable pricing within Nigeria’s new tariff system. It is rewarding to see their perspectives making a meaningful impact, and we are proud to contribute to these discussions. Read the full article here: https://lnkd.in/ddKeUSNb Thank you to Mondaq for this recognition, and to everyone who has engaged with our work!

We are delighted to announce that one of our founding partners, Dapo Akinosun SAN, has been recognized as a winner of the Mondaq Thought Leadership Awards, Autumn 2024, in the Environmental Law category. His insightful article highlights the importance of adopting carbon credits as a market mechanism to support greener gas initiatives in Nigeria. This contribution is a vital addition to the conversation on sustainable development and highlights our commitment to driving forward-thinking solutions for a greener future. Read the full article here: https://lnkd.in/dDFyE-Mm Thank you to Mondaq for this recognition, and to all who continue to engage with our work!

In today's regulatory environment, compliance isn't just about ticking boxes—it's about protecting the credibility and trust that a banking license represents. With stricter global standards, Nigerian banks face greater risks of revocation, as seen with Heritage Bank Plc. Our latest article by Oluwadara Omoyele and Oluwadolapo Owoyokun dives deep into compliance strategies every bank should adopt to avoid such outcomes. Explore key insights on capital adequacy, liquidity ratios, and loan-to-deposit management to ensure financial stability and resilience.#Banking #Compliance #FinancialStability #RiskManagement #Nigeria #SCP Read more on how to build a compliance framework that turns risk into resilience. https://lnkd.in/dFzuKZeK

SCP proudly sponsored and participated in Nigeria FinTech Week 2024, themed "Positioning Africa's Fintech Ecosystem to Accelerate Inclusive Growth." The event brought together industry leaders, policymakers, and innovators to explore opportunities and address challenges in Africa’s fintech landscape. Our Managing Partner, Ikem Isiekwena, made significant contributions as a panelist during the discussion on "Global AI Regulations: The Role of Africa and the Global South". He stressed the importance of developing regulatory frameworks that truly reflect the unique realities of African nations and other emerging markets. Ikem called for a collaborative approach to technology governance, ensuring that AI regulations consider local factors like infrastructure gaps, socio-economic diversity, and varying levels of digital readiness. Ikem also explored the transformative potential of fintech to drive development across various sectors. He spoke about the importance of integrating ethical standards and prioritizing responsible data processing to enhance transparency, promote financial inclusion, and bridge the economic divide.  We are excited about fintech’s potential to not only drive economic progress but also revolutionize how different sectors operate and interact. As we look ahead, we remain committed to being a part of this evolution, ensuring that our efforts contribute to a more inclusive and innovative digital ecosystem in Nigeria and Africa as a whole. #FinTech #NigeriaFinTechWeek #InclusiveGrowth #AfricaFinTech #Innovation #SCP #AIRegulations #TechForGood #DigitalTransformation

Novation plays a critical role in mergers and acquisitions, ensuring the continuity of contracts and the transfer of liabilities. While the doctrine of novation is well established, companies must carefully navigate the requirements for consent, documentation, and regulatory approval. Our latest article by Love Adeniji and Oluwadara Omoyele provides practical guidance for clients navigating novation in M&A transactions, focusing on key legal considerations and best practices to ensure your transactions are handled efficiently and with minimal risk.#MergersandAcquisitions #Novation #BusinessContinuity #LegalStrategy #SimmonsCooperPartners https://lnkd.in/dbfAkJVE

The taxation of wealth management tools in Nigeria involves a complex interplay of legal frameworks and tax regulations that are crucial for effective financial planning and wealth preservation. This article has explored the nuanced taxation mechanisms of wills and trusts, underlining the importance of understanding both the tax liabilities and the strategic exemptions available under Nigerian law. Learn more about effective wealth management strategies from our latest article by Ramoni Bashir and Oluwadolapo Owoyokun. #WealthManagement #TaxStrategy #Nigeria #FinancialPlanning #SimmonsCooperPartners https://lnkd.in/dgbpkK_p