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Legal market overview
Nigeria remains a market with vast potential. It is one of the world’s major producers of crude oil and natural gas, and the government has made leaps in developing the economy, which has recently benefited from increased global market prices.
The country’s legal practitioners remain active in energy-related deals, and have seen an increase in mandates relating to downstream processes. The power and telecoms sectors are also developing, giving rise to a flow of regulatory and project finance work. On the contentious side, the use of arbitration continues to increase, with many Nigerian law firms now fielding alternative dispute resolution teams.
International law firms regularly act on Nigeria-related oil and gas, power and infrastructure transactions, as well as on M&A and private equity deals, and they enjoy strong links with leading local firms. Clifford Chance’s Nigeria practice is led by London-based corporate partner Kem Ihenacho and finance partner Edmund Boyo in Frankfurt.
Vinson & Elkins RLLP acts in high-profile Nigeria-related M&A deals and disputes, often in the energy sector. In the telecoms space, the practice acted for Helios Towers Communications Holdings on the $137m disposal of Multi-Links Telecommunications, the owner and operator of a Nigeria-based telecoms business.