Firm / Organisation

Abdulai, Taiwo & Co

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Joint Managing Partners: Ladi Taiwo; Akin Osinbajo, SAN
Partners: Ladi Taiwo; Akin Osinbajo; Alayo Ogunbiyi; Bunmi Binitie
Languages:English

Firm Overview:
Founded in 1976, ABDULAI, TAIWO & CO. is an independent full service commercial and IP law firm with a long standing reputation for excellence. The firm’s integrated practice enhances its capability to provide multi-faceted legal advice and due diligence services, and it has ‘preferred friend’ relationships with leading firms across West Africa, which facilitates seamless cross-border services.

ATC is regularly consulted on Nigerian business regulatory issues by local companies and counsel from all over the world: Its international client base includes companies consistently listed in the top echelon of ‘Fortune 500’; and leading law firm rating agencies have consistently recommended ATC as a leading law firm: IFLR 1000 (1992-2020); Chambers Global (2005-2020); Legal 500 (EMEA) (2005-2019); Who’sWho Legal (2009-2020).

Main Areas of Practice:

Business Start-Ups:
The firm has a reliable and long standing reputation on Nigerian business regulatory issues, and is the author of some leading books on the subject.
Key Clients: The firm was counsel to the foreign promoters for the following business start-ups: Procter & Gamble Nigeria, Coca-Cola Nigeria; Novartis Pharma Services; Michelin Development Co.; Duracell Nigeria; Nigeria Inter Banks’ Settlement Systems Plc, Abuja Commodities Exchange Plc; Equipment Leasing Association of Nigeria Ltd. Gte.

Corporate M&A:
The firm has significant experience in cross border M&A; advising both buyers and sellers. Key Clients: The firm has advised the National Council on Privatisation in the Sales by Tender of the following companies:
■ Afam Power Plc.
■ Afam Three Fast Power Ltd.
■ Aluminium Smelter Company of Nigeria Plc.
■ Nigeria Machine Tools Ltd.
■ Nitel (the national telecom)
ATC advised:
■ Procter and Gamble, in plant and asset ‘hive-offs’ of ‘Vicks’ to Elixir Global Foods; and ‘Duracell Batteries’ to Berkshire Hathaway
■ Lancet Services (Pty), in global merger with Cerba Healthcare to form Cerba-Lancet Africa

Regulatory Compliance & Business Advisory:
By virtue of its experience and quality services, the firm continues to be the ‘counsel-of-choice’ to several international companies doing business in Nigeria.
Key Clients:
■ Procter & Gamble Co.
■ SIAT S.A.
■ Southern Sun Ikoyi Hotel
■ Lloyds Register EMEA
■ Clina-Lancet Laboratories Ltd

Projects & Public Private Partnerships (PPP/PFI):
The firm advises operators, sponsors and financiers on transaction documentation, financial and regulatory issues for Public Private Partnerships (PPP); in infrastructure, and utilities projects.
Key Deals & Transactions:
Legal Expert and Consortium Member

■ Representing World Bank (PPIAF)/Federal Capital Territory Water Board in Kuje Water Supply PPP Project (OBC)
■ Representing Federal Ministry of Technology/PPP Unit of Federal Ministry of Finance/Central Bank of Nigeria/ Nigeria Postal Service (NIPOST) in Transaction Advisory Services for Nigeria Postal Services (NIPOST) Financial Inclusion PPP Project 
■ Representing Federal Government of Nigeria, Ministry of Transport (Aviation) in Transaction Advisory Services for PPP Development of an Aerotropolis (Airport City)
■ Representing Federal Government of Nigeria, Ministry of Transport (Aviation) in Transaction Advisory Services for PPP Development of Cargo/Agro-Allied Terminals
■ Representing the Project Sponsor in NGN 12.99 Billion B.O.T. Concession with the Delta State Government of Nigeria for the Warri/Effurum Improvement of Water Supply Services
■ Representing the Project Sponsor in NGN 57.81Billion, B.O.T. Concession with the Niger State Government of Nigeria for the Minna/Suleja Water Supply Services
■ Representing the Preferred Bidder in the USD 2.4 Billion DFBOT Concession with the Lagos State Government of Nigeria for the Lagos Metro Rail Transit (Red Line)
■ Representing the Project Sponsor in the Adiyan Water Supply Scheme Phase 2 – pending RFP bid for PPP/B.O.T. Concession with Lagos State Government of Nigeria
■ Representing the Project Sponsor in the Gwagwalada Infrastructure and Housing Development PPP Project with the Federal Government of Nigeria – Federal Ministry of Lands, Housing and Urban Development
■ Legal Advisers to the Project Sponsor in the USD 560 Million Co-location and rebuilding of 100,000 barrels-perday refinery in Joint-Venture with the Nigeria National Petroleum
■ Solicitors to the Project Sponsors of the CG-Eko Ventures LLP – a PPP with Lagos State Government
■ Representing the Project Sponsor in the Phase 1 Marina Quayside Development project which is a PPP Concession with the Federal Govt. of Nigeria & Lagos State Govt. as Stakeholder grantors
■ Advising the Project Sponsor of the Crescent Island Development + Toll Bridge NGN 144 Billion B. O. T. Concession with the Lagos State Government
■ Advising the Project Sponsors on the Co-Located Solar Electricity and Water Health Facilities Systems B.O.T. Concession with the Federal Capital Territory Administration
■ Advising the Project Sponsors on the USD 100 Million B.O.T Concession with the Nigeria Shippers Council for development of the Ibadan Inland Dry Port

Banking & Finance:
The firm has over the years maintained a strong reputation in advising on all aspects of investment banking and finance transactions; including the first RMBS securitisation in West Africa, and Real Estate Investment Trust Scheme (REITS). ATC was the first Nigerian law firm registered as Consultants to the African Development Bank (Regn. No. SF/11270/NIR).
Key Clients: The Infrastructure Bank; Federal Mortgage Bank of Nigeria; ‘Shelter Afrique’ Company for Housing & Habitat in Africa; African Development Bank ‘AfDB’); Stanbic IBTC Bank (member of the Standard Bank group); Corporates and sub-national governments; Custodian & Security Trustees.

Capital Market:
ATC has acted as Lead Counsel on numerous pioneer transactions in Nigeria; Bonds, Equities and Debt securities. Amidst several milestone transactions, ATC was mandated by the Federal Ministry of Finance, as Consultants for the formulation of appropriate legislation and regulatory guidelines for a new Capital Market framework for Nigeria, and the report eventually metamorphosed into the Investment and Securities Act of 1999 (‘ISA’), guiding all securities and capital market transactions in Nigeria. ATC also undertook the legal mandate for registration and incorporation of a new national Stock Exchange, viz. Abuja Commodities Exchange. Recent transactions include: Series 1, 2 & 3 of Federal Government Guaranteed Notes under the FMBN SPV Issuer NGN 100 Billion Residential Mortgage-Backed Securities Programme (the first RMBS securitisation in West Africa); Solicitors to the Tranche 1, 2 & 3 Private Placement of Shares in The Infrastructure Bank Plc.

Energy & Power:
ATC provides legal advice & transactional services on business and asset finance, and compliance and regulatory matters.

Dispute Resolution:
The dispute resolution team is headed by Akin Osinbajo SAN, a former Attorney-General of Ogun State. The firm’s broad-based practice encompasses matters involving banking litigation, commercial litigation and arbitration, tax controversy, intellectual property, and multi-jurisdictional regulatory enforcement matters.
Key Clients: Procter & Gamble; Transmission Company of Nigeria Ltd. (TCN); The Nigeria Stock Exchange; Federal Inland Revenue Service (FIRS); Asset Management Company of Nigeria(AMCON); Union trustees Ltd.; The Infrastructure Bank; Nigeria Deposit Insurance Corpn. (NDIC).

Intellectual Property:
The firm’s intellectual property (IP) practice covers contentious and non-contentious matters for trademarks, brand protection, patents, designs, management know-how and licensing agreements. ATC has, for several years, been the selected country agent and counsel for numerous foreign clients from all parts of the world for filings, registration, maintenance and protection of their IP portfolio in Nigeria.
Key Clients: Procter & Gamble; Gillette; NOKIA Corporation.,; FrieslandCampina Nederland Holding BV; Dabur India; Fidson Healthcare Plc; Namaste Laboratories, LLC; Duracell Batteries BVBA. Emzor Pharmaceutical Manufacturing Ltd.; Himalaya Global; Glenmark Pharmaceuticals; Mindray Biomedical Electronics Co.; Jiangsu Longlique Bioscience Co.; Lindt Chocolates (Chocolade fabriken Lindt and Sprungli AG).