Practice areas/Issuance, listing, market regulation
01 Capital Markets
Advisory and contentious work across securities issuance, listings and market regulation — including representation before the Investments and Securities Tribunal.
The practice
What instructing us on capital markets looks like.
We act for issuers, sponsors, registrars and institutional investors from the first structuring conversation through to allotment, listing and the continuing obligations that follow. The work is documentary and regulatory in equal measure, and it is run by the same partners who defend the transaction if a regulator later asks questions about it.
That combination matters. A prospectus drafted with an eye to how a disclosure will read in a tribunal three years later is a different document from one drafted only to clear a review desk.
Scope of work
- Public offers, rights issues and private placements
- Bond, sukuk and commercial paper programmes
- Listing applications and continuing disclosure
- SEC, NGX and FMDQ regulatory engagement
- Investments and Securities Tribunal representation
- Collective investment schemes and fund formation
Who we act for
How we work
Judgement applied in a particular order.
The discipline changes; the method does not. These are the decisions we take first on every mandate in this practice.
Structure before paper
We fix the tax, corporate and regulatory shape of a transaction before drafting begins, so the documents record a decision rather than disguise an open question.
Regulator-ready disclosure
Every disclosure is drafted to survive scrutiny after the fact, with a defensible record of the basis on which it was made.
Life after listing
Continuing obligations, insider dealing controls and market announcements are handled under retainer, not as isolated emergencies.
Selected record
Where this practice has been tested.
Debt programme for a Tier-1 lender
SEC / FMDQ
Contested allotment challenge
Investments and Securities Tribunal
Rights issue for a listed manufacturer
NGX
Common questions
Asked before most instructions.
Can you act on both the transaction and any dispute that follows?
Yes, subject to conflicts clearance. In practice clients value it: the team already knows the documentary record and the commercial intention behind it.
Do you advise foreign issuers accessing the Nigerian market?
We do, working alongside home-country counsel on registration, local content and repatriation questions.
Consult us
Put the capital markets question to a partner.
Every enquiry is read by a partner, cleared for conflicts and acknowledged within one business day. Urgent injunctive or enforcement matters are triaged the same day by telephone.