Firm / Organisation

Abdulai, Taiwo & Co

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This content is provided by Abdulai, Taiwo & Co.

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 a 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, facilitating seamless cross-border services. ATC is regularly consulted on Nigerian business regulatory issues by local companies and counsels from all over the world. Its international client base includes companies consistenly listed as Fortune 500 companies. Leading law firm rating agencies have consistently recommended ATC as a leading law firm: IFLR 1000 (1992-2019); Chambers Global (2005-2019); Legal 500 (EMEA) (2005-2019); Who’s Who Legal (2009-2019).

Main Areas of Practice:

Business Start-Ups:
The firm has a reliable and long standing reputation for advising Nigerian business on regulatory issues, and is the author of some leading books on the subject.
Key Clients: The firm was counsel 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.

Public Private Partnerships (PPP/PFI) Projects:
The firm advises operators, sponsors and financers on transaction documentation, financial and regulatory issues for PPP and infrastructure and utilities projects.
Selected Deals & Transactions:
■ Representing World Bank (PPIAF)/Federal Capital Territory Water Board in Kuje Water Supply PPP Project (OBC)
■ 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 the NGN 9.87 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 the NGN 57.81 billion B.O.T. concession with the Niger State Government of Nigeria for the Minna/Suleja water supply services
■ Advising the project developer of the Crescent Island Development and Linked Toll Bridge B.O.T. concession with the Lagos State Govt
■ Representing Marina Express Train Services as project sponsor 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 II – pending RFP bid for B.O.T. concession with Lagos State Government of Nigeria
■ Advising the project sponsors on the co-location solar electricity and water health facilities systems B.O.T. concession with the Federal Capital Territory Administration
■ Legal advisers to project sponsor in the USD$560 million co-location and rebuilding of 100,000 barrels-per-day refinery in joint-venture with the Nigeria National Petroleum
■ Representing the project sponsor in the Marina Quayside Development Project Phase I, which is a PPP concession with the Federal Goverment of Nigeria and Lagos State Government as stakeholder grantors

Banking & Finance:
Over the years, the firm has 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).
Key Clients: The Infrastructure Bank; Federal Mortgage Bank of Nigeria; ‘Shelter Afrique’ company for housing and habitat in Africa; African Development Bank; Stanbic IBTC Bank (member of the Standard Bank group); corporates and sub-national governments; custodian and security trustees.

Capital Markets:
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. The report eventually grew 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 the registration and incorporation of a new national Stock Exchange, viz. Abuja Commodities Exchange.
Recent Transactions:
■ Series 1, 2 and 3 of Federal Government Guaranteed Notes under the FMBN SPV Issuer NGN 100 billion residential mortgage-backed securities programme
■ Solicitors to the Tranche 1, 2 and 3 private placement of shares in The Infrastructure Bank Plc.
■ Represents The Nigerian Stock Exchange (‘Exchange’) in litigation disputes where the Exchange joins as a defendant

Energy & Power:
ATC provides legal advice and transactional services on business and asset finance, and compliance and regulatory matters.
Key Clients: Abuja Electricity Distribution Plc. (the successful bidders under the Federal Government power sector privatisation. It is current operator of electricity distribution in the Federal Capital territory and adjoining States); SAKR Power Generation Systems; Energy Transmission Company of Nigeria Ltd. (TCN); JIL-Amber Consortium.

Privatisation:
The firm has a strong reputation in privatisation transactions advising both buyers and sellers.
Key Clients: The firm has advised the National Council on privatisation and the Bureau of Public Enterprises on some of its largest and most complex international sales by tenders, such as: Afam 1-5 Power Plants (power generation companies); Nitel (the national telecom); Aluminum Smelter Company of Nigeria and Nigeria Machine Tools.

M&A & Corporate Reconstruction:
The firm has significant experience in corporate joint-ventures, cross-border M&A and private equity.

Regulatory Compliance & Business Advisory:
By virtue of its experience and quality services, the firm continues to be the counsel-of-choice to several multi-national companies doing business in Nigeria.
Key Clients: Procter & Gamble Co. (P&G is world’s largest manufacturer of household goods, detergents and personal hygiene products); SIAT S.A. N.V. (the largest integrated agricultural plantations proprietors in West Africa, with plantations in Nigeria, Ghana, Gabon, Cote d’Ivoire and Cambodia); Southern Sun Ikoyi Hotel (member of the Tsogo Sun group); Lloyds Register EMEA; Swiss Biostadt Ltd; Clina-Lancet Laboratories Ltd; Banarly Limited; Mindray Bio-Medical Electronics Co. Ltd.

Intellectual Property:
The firm’s IP practice covers trademarks, brand protection, patents, designs, management know-how and licensing agreements.
Key Clients: Procter & Gamble; Gillette; NOKIA Corporation.; FrieslandCampina Nederland Holding BV; Dabur India; Fidson Healthcare Plc; Sony Computer Kabushiki Kaisha; Namaste Laboratories, LLC; Duracell Batteries BVBA; Emzor Pharmaceutical Industries.

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).

Pro Bono:
The firm’s pro bono lawyers provide legal advice to Nigerian Business Coalition Against Aids Ltd. Gte (NIBUCAA) and Save The Children International (STC).