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Commercial Law

“Business and commerce are an integral part of human society and it is an agelong custom in business that there be Covenants and there be Conditions; however, these will be no more than mere Intended Agreements unless there is Performance...#The Law of Specific Performance."

LEXX & SOPHY renders legal services in several areas of commercial law, e.g. commercial contracts, take-overs, mergers and acquisitions, capital market transactions, all company law matters, etc. In fact, we provide legal services and counsel throughout the life of a company; i.e., from the formation through disposition and every stage in between.
Banking & Finance
LEXX & SOPHY represents and advises banks and other financial institutions on general commercial transactions and matters, secured and syndicated lending, preparation, drafting and perfection of purpose-structured security and financial documents and agreements, debt recovery/insolvency matters and general commercial litigation.
Company & Business
LEXX & SOPHY offers professional advice and services to clients on commercial transactions; for example, we not only advise clients on the appropriate type of company to register for a particular type of business but also assist them to register/structure the company in accordance with the provisions/requirements. We have represented various clients in negotiating and preparing memoranda of understanding, shareholders’ agreements and other pre-incorporation contracts, the formation and structuring of corporate entities, advising on and preparation of assets sale and acquisition contracts, transactions involving company restructuring or mergers of companies, sale or transfer of shares held by foreign and/or local entities.
Company Secretarial Practice
LEXX & SOPHY provides company secretarial services, ensuring among other things that the statutory registers and other records are properly maintained, requisite returns and notices are filed promptly at the Corporate Affairs Commission as required by the provisions of the Companies and Allied Matters Act, 2004. We also advise on and cover statutory and other meetings for clients, ensuring compliance with the provisions of the Act.
International Transactions/Foreign Investments
LEXX & SOPHY has experience representing foreign companies and individuals wishing to establish business in Nigeria. We conduct due diligence investigations, we render services on company incorporation and registration, procurement of required operating licenses and approvals (for example approval for exemption from incorporation, i.e. where foreign entities that do not desire to establish a long-term presence in Nigeria are involved in specific government projects), advising on and procurement of all relevant immigration approvals (e.g. business permits, temporary work permits, expatriate quota allocations), preparation of such relevant contracts as technical services agreements, management agreements, technology transfer agreements, joint venture agreements, agency, supply, distribution, representation and franchise agreements.
Securities & Capital Market
LEXX & SOPHY is registered with the Securities & Exchange Commission (SEC) as Capital Market Solicitors. Members of LEXX & SOPHY have garnered considerable experience in capital market transactions, particularly in the preparation of prospectuses, underwriting and vending agreements, placement memoranda, trust deeds, and debentures.