Nigeria | What Do I Need to Know about Taxation of Recovered Funds in Nigeria?

Under Section 9 (1)(a-g) of the Company Income Tax Act, taxes apply to the profits of all the incomes accruing in, derived from, brought into, or received in Nigeria in respect of any trade or business, rent or any premium, dividends, interests, royalties, discounts, charges or annuities, annual profits, any amount deemed to be income or profits, fees or dues or allowances (wherever paid) for services rendered, any amount of profits or gains arising from acquisition and disposal of short-term money instruments.

Nigeria | What is Power of Attorney under Nigerian law?

Power of Attorney is a formal legal instrument, usually but not necessarily under seal (i.e., seal means deed), by which one Person, called the Donor, seised of an interest in a subject matter, appoints another person, called the Donee/Attorney, to act on behalf of the Donor generally or for specific purposes.

Incorporation of Companies and Registration of Corporate Organizations in Nigeria

Most businesses and enterprises are pioneered and propelled by natural human beings. However, for the purpose of common interest and expansion, businesses can also be advanced through artificial entities; companies or corporate bodies.

Procedures of economic participation in Nigeria by Chinese Nationals

Nigeria is a heterogenous society with a growing population of over 200Million and modified liberal legal frameworks that now allow foreign participations in the local businesses. The Bilateral trade volume between Nigeria and China has reached over $12.03 billion, this significantly places Nigeria as the number one trading partner to China in Africa. What factors that underpin the various procedures that allow Chinese the opportunity to participate in trade or business is what this exercise undertakes.

Turkey | Are the Proceedings for the Enforcement of Foreign Judgments the Same as Those for Domestic Judgments?

There is a slight but important difference between enforcement of a domestic judgement and foreign judgement; foreign judgements needs to be evaluated by the court before the execution of the relevant judgement.