:: PRINCIPAL LAWS, SUBSIDIARY LEGISLATIONS AND REGULATORY BODIES ON CORPORATE LAW PRACTICE. :: FEATURES AND FUNCTIONS OF THE REGULATORY BODIES. S/N LAW REGULATORY BODY EST SECTION FUNCTIONS[1] 1. Companies and Allied Matters Act 1990. Corporate Affairs Commission. S 1 CAMA. S 7 CAMA. To implement the CAMA which includes; Register, supervise and Investigate Companies and […]
ALTERNATIVE DISPUTE RESOLUTION. ADR refers to processes that offer an alternative to litigation. Dispute resolution other than by the formal court setting. Disputes arise in different dimensions and circumstances. Rule 15(3) RPC 2007 now mandates lawyer to inform client of ADR Options before resorting to litigation. See also Or 3 Rule 11 HCLCPR 2012 which […]
GENERAL OVERVIEW AND APPLICABLE LAWS. WEEK 3 — GENERAL OVERVIEW AND LEGAL FRAMEWORK :: OVERVIEW (OBJECTIVES, CONTENT AND SCOPE) OF THE PROPERTY LAW PRACTICE (MODULE) COURSE: Covers transactions and endeavours bearing on real property[1] like deeds, power of attorney, Sale of Land, Leases and Tenancies, Assignment of Leases, Mortgages and charges, License, Easement, LRL, Wills […]
WEEK 4 – DEEDS. A deed is a written document (signed and sealed) which creates a binding obligation or transfers an interest or right in property. It may be a deed poll (which is executed by (and binds) one person) or indenture (which is executed by (and binds) more than one person). :: WHEN DEED […]
WEEK 5 — POWER OF ATTORNEY. :: MEANING OF POWER OF ATTORNEY. A formal instrument of delegation by which a person (donor) authorises another (donee) to act for him (for certain things listed in the power of attorney). Ude v Nwara, Chime v Chime 46 CA. 141 PCL. :: FEATURES OF POWER OF ATTORNEY. – […]
WEEK 6 – CONTRACT OF SALE AND REGISTERED CONVEYANCING 1 :: LEGAL RESTRICTIONS OR LIMITATION TO SALE OF LAND: Legislative Restrictions: LUA: bestows allodial title in land (hitherto vested on the land owners) on the governor of the State and he holds it in trust for Nigerians–Abioye v Yakubu. What the Land Owners have is […]
WEEK 7 — CONTRACT OF SALE AND CONVEYANCING 2 CONTENTS EXPLAIN HOW A VENDOR CAN DEDUCE HIS TITLE: Deducing title means showing that the vendor had the right to convey the property in the way he did. Vendors of land in Lagos do not deduce title-RTL. By deducing Abstract and Epitome of title. Is done […]
WEEK 8 — REGISTERED CONVEYANCING (REGISTRATION OF TITLES-RTL) it appears it is now Land Registration Law (LRL) 2014 enacted to repeal (LIRL, EMSL, RTL RTAR) and harmonise/unify the system of registration OF – Land Holders; – Titles to land; – Transactions in Land and documents affecting land in Lagos. In essence, existing interests and transfer […]
WEEK 9 — LEASES 1 MEANING OF (AND PARTIES TO) A LEASE: Occurs where a person (called lessor/landord) grants exclusive use and possession[1] of his premises to another (called lessee/tenant) for a definite period[2]. May be with or without consideration called rent. :: TYPES OF A LEASE: A lease may be classified; Based on purpose: […]
WEEK 10 – LEASES 2 COVENANTS IN LEASES (REFLECTING THE POSITIONS IN ABUJA AND LAGOS STATE): A covenant is an agreement or promise by the parties to do or refrain from doing a thing specified. Covenants may be implied, usual and express and the imputation would depend on the type of lease, nature and jurisdiction […]
WEEK 11 – MORTGAGES AND CHARGES I MEANING: Where a person (mortgagor) conveys his (legal or equitable) interest in land as collateral to secure loan from another (mortgagee) with a provision for redemption upon repayment of the loan-Olowu v Miller Bros Ltd. A company can do the above by way of debenture (unless expressly prohibited […]
