The Legal 500

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6 BROAD STREET, LAGOS, NIGERIA
Tel:
Work +234 1 460 7890
Fax:
Fax +234 1 280 6972
Email:
Web:
www.gelias.com

Nigeria

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

G. Elias & Co

G. Elias & Co is ‘one of the best out there’, with ‘top-notch response times and the ability to deliver desired results’. Practice head and managing partner Fred Onuobia recently advised several international financial conglomerates on a $1.5bn securities loan to the Central Bank of Nigeria (CBN), and on a $1.4bn cross-currency swap with the CBN. On the capital markets side, Segun Omoregie led the team acting for Flour Mills of Nigeria on its ₦100bn commercial paper issuance, while name partner Gbolahan Elias is advising the underwriters on the prospective IPO of a major Nigerian telecoms company. The team also handles syndicated lending arrangements, securitisations and insolvency matters. Key banking and finance clients include Standard Chartered Bank, African Export-Import Bank and First Bank of Nigeria. Associates Oluwatoyin Nathaniel and Nosakhare Aguebor, who is ‘able to understand clients’ requirements and ensure that clients’ requests are met accordingly’, are also noted.

Leading individuals

Gbolahan Elias - G. Elias & Co

Next generation lawyers

Nosakhare Aguebor - G. Elias & Co

Oluwatoyin Nathaniel - G. Elias & Co

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

G. Elias & Co

G. Elias & Co advises on innovative M&A, capital reorganisations, spin-offs, liquidations and share capital reductions. Highlights included advising Anheuser-Busch InBev on Nigerian competition matters and securities regulatory issues concerning its worldwide acquisition of SABMiller, and acting for Asset Management Corporation of Nigeria on its proposed sale of the now-bankrupt Aero Contractors. ‘Excellent attorney’ Gbolahan Elias is ‘incredibly pragmatic and knowledgeable’; managing partner Fred Onuobia is ‘an ideal partner for negotiating and documenting commercial transactions’. Fidelis Adewole is also recommended.

Leading individuals

Gbolahan Elias - G. Elias & Co

Next generation lawyers

Fidelis Adewole - G. Elias & Co

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Dispute resolution
Dispute resolution - ranked: tier 2

G. Elias & Co

The ‘efficient, knowledgeable and responsive’ practice at G. Elias & Co provides ‘excellent service’; all its team members are ‘friendly and always helpful’. Highlights included successfully defending Citibank against a $57m negligence claim brought by Afribank; representing MTN Nigeria in arbitral proceedings for alleged breach of contract to supply telecoms equipment; and advising Coca-Cola on product liability claims. Gbolahan Elias is ‘an erudite scholar who is well respected among peers’; managing partner Fred Onuobia is ‘an excellent litigator who keeps his ears to the ground and is always well positioned to advise clients’; and senior associate Fidelis Adewole is also noted.

Next generation lawyers

Fidelis Adewole - G. Elias & Co

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Energy and natural resources
Energy and natural resources - ranked: tier 2

G. Elias & Co

Excellent firmG. Elias & Co regularly handles mergers between upstream oil and gas companies, acreage acquisition agreements, project site acquisitions and project financings. ‘Go-to lawyer’ Gbolahan Elias is recommended as ‘an excellent attorney, who is incredibly pragmatic and knowledgeable, well respected and very easy to work with’. Elias is currently advising BPI Power International on the development, review and negotiation of the power purchase agreement and gas sale contracts for a 2,300MW power plant project with Egyptian Electricity Transmission in Egypt, alongside senior associate Onyinye Chukwu. Managing partner Fred Onuobia and Segun Omoregie are also recommended.

Next generation lawyers

Onyinye Chukwu - G. Elias & Co

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Real estate and construction
Real estate and construction - ranked: tier 1

G. Elias & Co

G. Elias & Co has acted for local and foreign investors and some of Nigeria’s pre-eminent developers on ambitious construction projects involving malls, office towers, hotels, restaurants and telecoms assets. Gbolahan Elias has led on some of the most significant recent real estate and construction projects in Nigeria, including the planning and development of an industrial city and deep-sea port in Akwa Ibom State, the rehabilitation of the Central Business District of Lagos, and the Federal Mortgage Bank of Nigeria’s first residential mortgage-backed securitisation. Fred Onuobia and Segun Omoregie handle real estate and construction matters. Lynda Chinweokwu and Pelumi Asiwaju are important associates.

Leading individuals

Gbolahan Elias - G. Elias & Co

Next generation lawyers

Lynda Chinweokwu - G. Elias & Co

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Shipping and transport
Shipping and transport - ranked: tier 3

G. Elias & Co

G. Elias & Co assists local and foreign investors with development, financing, maintenance and construction of infrastructures in the transport sector. Highlights included advising a syndicate of lenders on the first toll-road concession financing for the Lekki toll road, and advising Philips Projects Centre on an engineering, procurement and construction contract to install lighting systems at Murtala Muhammed International Airport. Gbolahan Elias leads the team.

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Further information on G. Elias & Co

Please choose from this list to view details of what we say about G. Elias & Co in other jurisdictions.

Nigeria

Offices in Lagos

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Legality of advertising with statements on the effects of medical treatments

    Advertisements featuring statements on the effects of medical treatments are only permissible if they are supported by sound scientific evidence. This was reaffirmed by the Oberlandesgericht (OLG) Frankfurt, the Higher Regional Court of Frankfurt.
  • ECJ – Distinctive character necessary for registration as EU trade mark

    For a sign to be capable of being registered as an EU trade mark, it must be distinctive across the entire European Union. This was confirmed by the Court of Justice of European Union (ECJ) in a ruling from 25 July 2018.
  • Supporting local and international charitable organizations

    As one of the leading law firms in Cyprus, we are active promoters and supporters of local economic growth by sponsoring local events, applying environmental-friendly practices, minimizing our ecological impact, and most importantly, by raising money for local charities and non-profit organizations.
  • BAG – Employers can claw back bonus payments

    The Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, confirmed in a recent ruling that employers can claw back collectively agreed bonus payments from employees under certain circumstances.
  • Stricter supervision in relation to the Scheme for Naturalisation of Investors in Cyprus by Exceptio

    Recently there were a lot of publications within the European Union expressing concerns about the allegedly very high number of Cypriot passports being given to foreign investors the last few years. The Council of Ministers has decided on 9th January 2018 with the decision with number 84.069, to impose a stricter supervision of all the parties involved in the Scheme for the naturalisation of non-Cypriot investors in Cyprus by exception.
  • 19% VAT on Plots

    In order to harmonize the  Acquis Communautaire on the Taxation of untapped and undeveloped plots of land, the Cyprus Government enacted, on 03/11/2017, relevant legislation for the imposition of 19% Value Added Tax (VAT) on these properties, with a date of enforcement being 02/01/2018. The relevant legislation refers to plots/pieces of land offered and/or provided for construction for economic purposes.
  • Unfair contract terms

    The Unfair Contract Terms Law 93(1)/1996 (the “Law”) as amended, implements the EU Directive  93/13/EEC  of 5 April 1993 regime into national law. The objective of the aforementioned legislation is the protection of consumers in the European Union from unfair terms and conditions which might be included in a standard contract for goods and services they purchase. It introduces the notion of ‘good faith’ to avoid any significant imbalance in mutual rights and obligations.
  • Quarterly Update on Trade Defense Cases in Turkey (December 2018)

    In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , is given to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  • Foyen successfully represents client before the Court of Appeal

    Press release 18th of December 2018
  • Bär & Karrer Advised the Issuer in the Rights Offering of Cavotec SA

    On 10 January 2019, Cavotec SA completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 22.4 million. The Cavotec group, with its Swiss holding company listed on Nasdaq Stockholm, is a leading engineering group that designs and manufactures automated connection and electrification systems for ports, airports and industrial applications worldwide. 80.5% of the shareholders of Cavotec SA exercised their subscription rights in the rights offering. The remaining new shares not subscribed were allotted to investors who had subscribed for shares without subscription rights, pursuant to the allocation procedure described in the prospectus of 6 December 2018. The offer price was set at SEK 13 per share.