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Never miss a beat on Africa's legal and regulatory landscape.

Sal & Caldeira Advogados

The General Assembly meetings of the Commercial Companies by Electronic Means

Dynamics is pointed out as one of the characteristics of Commercial and Corporate Law due to the pressing need that economic agents have to find new solutions to continue developing their business activities, circumventing possible barriers and making the activity i..

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ǼLEX

Exploring the NGX Tech Board and how it can impact on the Tech Startups

As a means of fundraising, tech startups in Africa have historically preferred listing on foreign stock exchanges, like the NASDAQ, NYSE, or the LSE. This trend represents a form of capital flight that has denied the local investing public in African markets where they op..

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ǼLEX

CAMA 2020 | Drawing the Curtains on Unissued Shares of a Company

Under Companies and Allied Matters Act (“CAMA”) 1990, companies had authorized share capital consisting of issued share capital and unissued share capital (the “Old Regime”). However, CAMA 2020 recognizes only issued share capital without expressly stating what should be ..

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Sal & Caldeira Advogados

The “De Facto Director” under the New Commercial Code

The new Commercial Code, approved by Decree-Law No. 1/2022 of the 25th of May (the "New ComC"), introduced the figure of the “De Facto Director”, thus making liable those who, not being appointed directors, acts as such.

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Udo Udoma & Belo-Osagie

Client Update on the Start-Up Act

Nigeria Startup Act, 2022 is part of the concerted efforts by the Federal
Government to promote, harness and provide stability to the 
startup ecosystem in Nigeria. Nigeria’s startup ecosystem was ranked as the top 
three most advanced ecosystems in Afr..

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Sal & Caldeira Advogados

The Simplified Share Company under the New Commercial Code

We hereby inform the business community and other interested parties about the new type of company introduced by the New Commercial Code, approved by Decree-Law no. 1/2022, of May 25 (the "New CCom")..

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TNP

"Shine your Eyes" - Are Disclosure Letters in Acquisitions the Real Deal

The Nigerian slang "Shine your eyes", meaning "wake up, look at what is really happening", is a must in any acquisition transaction.

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Sal & Caldeira Advogados

The Beneficial Owner under the New Commercial Code

The new Commercial Code, approved by Decree-Law no. 1/2022 of 25 May (the “New CCom"), in its article 99, establishes the obligation for the companies to have, and maintain updated, a registration with information on the identity of its ..

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ǼLEX

The Nigeria Start-up Act | What it is and Why It Matters

The Nigerian technology and innovation space in general, and its startup ecosystem in particular, has been gaining momentum and recording impressive growth in recent times.

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