Babatunde Ajibade

SPA Ajibade & Co - Nigeria

Managing partner

Lagos

+234 805 500 8989; +234 802 302 8989

Highly regarded

English


Bar admissions:

Nigeria

Jurisdictions:

Nigeria

Practice areas:

Capital markets
M&A

Industry sectors:

Banking
Financial services
Government and public policy
Insurance


Since his admission to the Nigerian Bar in 1989, Dr. Babatunde Ajibade, SAN has been involved in all aspects of corporate and commercial dispute resolution in Nigeria, and has expertise in litigation involving securities law; securities regulation; banking law; intra-company shareholder disputes; insolvency; insurance and the recognition and enforcement of foreign judgments. Babatunde also has expertise in domestic and international commercial arbitration, as well as investment treaty arbitration. Babatunde was elevated to the rank of Senior Advocate of Nigeria in December, 2007.

Babatunde also has extensive experience in the Nigerian capital market and has acted as a solicitor in several public offers of securities as well as in mergers and acquisitions.

• Representing a leading Registrar in an ongoing dispute with the Securities & Exchange Commission (SEC) and a customer concerning the imposition of sanctions, fines and restitution orders in excess of circa N339 million;

• Currently engaged in multi-jurisdictional litigation in Nigeria and the United Kingdom involving a United States corporate entity and its erstwhile Nigerian joint venture partners involving entitlement to receive outstanding payments due from a customer of the joint venture in excess of circa N1.7Billion and $5 million;

• Currently engaged in multi-jurisdictional litigation on behalf of a client against the Government of the Republic of Ghana before the ECOWAS Community Court of Justice and the High Court in Ghana and a prospective claim before the International Centre for the Settlement of Investment Disputes in Washington DC.  The claim before the ECOWAS Community Court and the High Court in Ghana is in damages for breaches of the client’s fundamental human rights whilst the claim before the International Centre for the Settlement of Investment Disputes in Washington DC is in damages for the expropriation of the client’s investments in Ghana;

• Successfully prosecuted an appeal against a $167,700,00 USD dollar tax assessment before the Tax Appeals Tribunal in Nigeria on behalf of a multinational oil company.  The disputed assessment was set aside by the Tribunal;

• Represented a major investor in the Nigerian Telecommunications Sector in arbitral proceedings conducted in London under the LCIA Rules concerning rights of pre-emption and the enforcement of a contract for the sale of shares governed by a restrictive shareholders Agreement.

• Represented a major investor in the Nigerian Telecommunications Sector in the divestment of its entire shareholding in one of the four GSM operators licensed to operate in Nigeria, in a deal valued at circa $250 million.

• Litigation

• Commercial Arbitration

• Insurance

• Capital Markets

• Mergers & Acquisitions

• Banking

• Financial services

• Government and public policy

• Insurance

Nigeria (1989)

Nigerian Bar Association (NBA)

International Bar Association (IBA)

Institute of Advanced Legal Studies (UK)

Chartered Institute of Arbitrators (UK)

London Court of International Arbitration (LCIA)

Lagos Court of Arbitration (LCA)

Capital Market Solicitors Association (CMSA)

Chartered Institute of Taxation (CIT)

King’s College, University of London – Doctor of Philosophy (PhD) in Private International Law 1996

King’s College, University of London Master of Laws, Corporate Commercial Law (LL.M.) 1990

Nigerian Law School – Barrister at Law (BL) 1989

Obafemi Awolowo University (formerly University of Ife), Nigeria – Bachelor of Laws (LL.B.) 1988