Insurance Related Matters.
The practice of Insurance Law has three areas of focus: Insurance coverage, Insurance defense litigation, and Insurance compliance.
Insurance coverage actions generally involve an insurer and the insured. The insured is seeking to recover under a policy of insurance, and the central legal question is whether the insured’s policy covers the loss or liability. Our Insurance litigation services cover such areas as construction defects, reinsurance, catastrophic loss, bad faith, disability, insurance fraud, and more. Other Insurance-related services include locating and adapting standardized policy language, reviewing documents, researching and analyzing cases, training and educational symposia, interpreting policy language, and analyzing state regulations governing the business of insurance.
Insurance coverage actions can involve complex issues, including disputes between insurers related to matters such as primary/excess coverage or reinsurance. Insurance coverage cases tend to focus on the language of the policy and the case law analyzing the policy language.
Insurance compliance involves the regulation of the business of insurance, from rates to advertising/solicitation to licensing of Intermediaries. Insurance companies must get into compliance and stay in compliance in order to avoid regulator investigations and ultimately, penalties for non-compliance. Insurance compliance is primarily handled by compliance staff within insurance companies, but often companies have outside counsel handle responses to investigations by Regulators. Shurlaw Partners has therefore positioned itself to act as an oil in the wheel of progress by providing legal and regulatory compliance services to its numerous clients.
Insurance defense refers to situations where a counsel is hired to defend the insured against an action brought by a third party—typically an action alleging that the insured has caused the third party to suffer bodily injury or property damage. The parties to the action are typically the insured and the third-party claimant. The legal issues revolve around whether the insured defendant is liable to a third party, and if so, for how much. Insurance defense cases tend to focus on the facts of a particular incident or occurrence.
Our services cover all these areas to four (4) major players in the Nigerian Insurance Industry to wit;
- The Policyholders or Insured
- The Brokers or other Intermediaries.
- The Insurer which includes the Insurance, Reinsurance and Captive companies.
- The Regulators or Trade Associations
Shurlaw Partners’ focus on Insurance has not reduced its expertise and experience in other law related subjects such as:-
Capital Market & Securities
Our primary areas of engagement in the Nigerian capital market includes Global Depositary Receipts (GDR) Offers, Initial and general public offers for sale or subscription, Rights Issues, Government Bonds, Debts/Loan Stock Issues and Private Placement transactions, generally advising in varied transaction structures and preparation of the transaction documents. Shurlaw Partners will be vitally involved in advising clients towards smart and efficient dealing with the capital markets. We are engaged in the preparation of prospectuses, underwriting and vending agreements, placement memoranda, Rights circulars, securities instruments such as Trust Deeds and Debentures and issuing general advice with full alertness of our legal responsibility and expectations to comply with the relevant statutes.
Corporate Secretarial & Corporate Governance
Shurlaw Partners is well adept in company secretarial matters across commercial concerns in varied sectors of the country’s economy. We offer our Corporate Secretarial and Corporate Governance services as well as succinct advice within the ambits of commercial law to both local and international clients, corporate investors and financial institutions.
In specifics, we are engaged in company formation and ensure compliance with relevant regulatory regimes for establishing business in Nigeria. Furthermore, beyond the formation and establishment of companies in Nigeria, our company secretarial involvement extends to the attendance of board, and shareholders meetings, filing of requisite returns at the relevant regulatory bodies, and other nominee arrangements etc.
Our expertise as a corporate commercial team enables us to represent and deliver innovative and practical legal solutions within a diverse and extensive array of corporate and business interests.
Employment and Labour
Shurlaw Partners is also relevantly positioned in the vicinity of employment and labour practice. The predominant aim is to express sheer skill in reaching a win/win result in negotiating and dealing with the demands of employees and/or trade union regulations. We are also engaged in other issues of labour and employment such as private sector pension schemes and retirement benefits; employment contracts and employment contracts and employment protection.
Finance, Tax and Banking
Shurlaw Partners is very well practiced in providing relevant and custom–tailored financial and banking advice as well as providing wide ranging advice on tax in domestic and international commercial operations. Our services in the financial sector include secured, unsecured, multi-currency and syndicated lending arrangements. And our services are well available to financial institutions, local and foreign investors, lenders and corporate borrowers, financial advisers, underwriters etc.
Routinely updated on regulations, we proffer solutions on compliance with banking and financial regulatory legislation.
Our team includes financial experts carefully selected on the basis of their excellent academic qualification and international exposure.
Foreign Investment & Divestment
Shurlaw Partners provides relevant information and advice to clients on compliance with the varied requirements for setting up a business in Nigeria. Some of which include obtaining business permit, expatriate quota allocation, certificate of capital importation confirming capital inflow, others could include pioneer status, and sometimes depending on the peculiarities of the business ventures such as circumstances where companies are set up to carry out specific government projects, we facilitate the procurement of the relevant approvals for the exemption from incorporation, or eligibility for tax holidays in circumstance where such is applicable such as carrying on business in the Free Trade Zones or Exporting Processing Zones of Nigeria. Such as the ministry of Internal Affairs (MIA), the Nigerian Immigration Service (NIS), and the Nigerian Investment Promotion Corporation (NIPC) for desiring foreign investors in Nigeria seeking to enter into partnership either for long term or for short term specific business goals, Shurlaw Partners is the preferred practice in engaging in negotiations and preparation of Joint Venture Agreements as well as technical and other service/operations contracts.
Real Estate & Intellectual Property
We are established in proffering competitive advice to financial institutions, investors, developers, construction companies and individual clients on all aspects of real property laws, including acquisition development, maintenance, sales, mortgages and lease. Shurlaw Partners has a healthy network of other professionals in the industry. Keeping abreast of the erratic regulatory framework, local custom, financial requirements and risk of repossession, particularly since the wake of the global financial crisis, we provide unassailable and full proof advice and representation in all aspects of property law.
We also champion the practice of intellectual and industrial property to ensure the adequate protections of ideas, concepts, trade secrets, trademarks, know-how, patent-rights, operating plans and transfer of technology as well as other industrial processes that may fall into the ambits of tangible or intangible property. It follows therefore that we enthusiastic players in the fields of obtaining the registration of trademarks, patents, designs and inventions and in protecting trade names, copyright, franchises and licenses.