The National Pension Commission (PENCOM) recently introduced a new category of fund which complies with sharia principles of investment. The Non-Interest Fund (Fund VI) permits pension contributors and retirees to choose the preferred investment portfolio they would want their pension contributions remitted to. By the Operational Framework regulating the VI, contributions made to the fund cannot be invested in the production or trading of alcohol, pornography, weaponry, gambling/betting, speculation, interest earning ventures and other similar undertakings that are contrary to Sharia principles...
AELEX is a full service commercial and litigation law firm. It is one of the largest law firms in West Africa with offices in Lagos, Port Harcourt and Abuja in Nigeria and Accra, Ghana.
The firm has local legal expertise and presence, political & industry wide connections with an appreciation for global standards. AELEX was formed as a result of the merger on July 1, 2004 of four leading commercial law firms. O. Adekoya & Co., Victor & Charles, Anga & Emuwa and Adegbite Adeniji & Co.
Members of the firm are active in many professional associations including the International Bar Association, American Bar Association, American Arbitration Association, Rocky Mountain Mineral Law Association, Centre for American and International Law, Venture Capital Association of Nigeria, International Trademark Association, and Telecommunications Lawyers Association of Nigeria, Chartered Institute of Taxation of Nigeria, African Telecommunications Think Tank, American Society of International Law and the Nigerian Society of Engineers. Also, the firm is a member of a number of business associations including the Lagos Chamber of Commerce & Industry, Nigerian-American Chamber of Commerce, Franco-Nigerian Chamber of Commerce and Industry, Nigerian-British Chamber of Commerce, West African Enterprise Network, and the Equipment Leasing Association of Nigeria.
The firm is the Nigerian member of the law firm section of the World Services Group.
The firm is licensed by the Securities and Exchange Commission to provide advisory services in relation to securities.
Areas of Practice
Esrablishment, Management and Structure of Partnership (with Reference to Law Firms)
The most common form of legal practice in Nigeria is the one-man practice this could be in the form of either a sole practitioner or a sole proprietorship arrangement. In the sole practitioner arrangement, there is only one lawyer who is the owner of the firm while all other staff in the office are not lawyers but support staff. In the sole proprietorship arrangement, the lawyer - owner employs other legal practitioners to assist him in his practice. The firm can range in size from one lawyer with one junior, to one lawyer owner and up to twelve juniors...
AELEX named ‘Law firm of the year’ at the 2022 Who’s Who Legal Awards
AELEX took home the coveted Law Firm of the Year – Nigeria award at the 2022 edition of the annual Who’s Who Legal (WWL) Awards. This was the seventh time AELEX has been recognized as Nigeria Law Firm of the Year by WWL. The firm also received the award in 2009, the first year the award was presented, 2011, 2015, 2016, 2017 and 2019. The winners were announced at a black-tie awards ceremony at Plaisterers’ Hall in London. Over 200 guests were present, including some of the leading lawyers and representatives of top law firms and consulting firms, as the winners across 40 practice areas from over 75 countries were recognised...
AELEX Advises Hissbox in Launch of Online Streaming and Content Distribution Platform
The ǼLEX Technology, Media and Telecommunications Practice Group is pleased to be advising Hissbox as it launches its online streaming and content distribution platform. Hissbox is a streaming platform, film production and distribution company primarily focused on projecting untold and neglected stories. It aims to change the narrative of how stories of those in the diaspora are told by funding original contents, collaborating and networking with industry leaders, film makers and relevant organisations...