Best Funds & Asset Management Lawyers in Lagos

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CO-dunni Law Solicitors

CO-dunni Law Solicitors

15 minutes Free Consultation
Lagos, Nigeria

Founded in 2019
3 people in their team
English
Yoruba
Banking & Finance Funds & Asset Management Tax Increment Financing +8 more
We believe that each client has a specific Legal solution designed for him. Send us messages directly. Thus solving his Legal problems. Our Law Firm has the following Lawyers Civil litigation lawyers, Criminal Lawyers,  loan recovery Lawyer,  employment lawyers Retirement lawyers, banking...
Goldsmiths Solicitors
Lagos, Nigeria

Founded in 1962
15 people in their team
English
Banking & Finance Funds & Asset Management Investment +10 more
Goldsmiths Solicitors is a leading business law firm based in Lagos, the commercial hub of Nigeria.We are passionate about offering all our clients first-class professional services which is based on commercial realities. Our services are built around the delivery of clear, pragmatic, accurate and...
Adeola Oyinlade & Co
Lagos, Nigeria

Founded in 2014
21 people in their team
English
Banking & Finance Funds & Asset Management Investment +10 more
Adeola Oyinlade & Co. is a leading full-service law firm with its head office in Lagos, Nigeria. As a leading law firm in Nigeria, we offer a variety of legal services to a vast range of national and foreign clients.The firm’s corporate, commercial and business advisory expertise covers...

Legal guides written by Adeola Oyinlade & Co:

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Moland Partners

Moland Partners

15 minutes Free Consultation
Lagos, Nigeria

Founded in 2000
50 people in their team
English
Banking & Finance Funds & Asset Management Tax Increment Financing +10 more
Moland Partners is an advisory and consultancy law firm made up of a team of highly driven professionals with in-depth knowledge of corporate and commercial law, real estate advisory, corporate governance and immigration. Our expertise positions us to offer the most practical solution to challenges...
Alliance Law Firm
Lagos, Nigeria

Founded in 2002
50 people in their team
English
ALLIANCE LAW FIRM is a dynamic partnership registered under the laws of the Federal Republic of Nigeria.Our mission is to establish a world class, full service Nigerian law firm distinguished by its premium service. We incorporate a rich blend of traditional legal practice with the dynamism...
G. Elias
Lagos, Nigeria

Founded in 1994
50 people in their team
English
ABOUT G. ELIASWe were founded in 1994 and have become one of Nigeria’s leading business law firms. We have always had an international outlook. We have a reputation for, and an outstanding record of, carrying out critical, innovative and complex work to the highest standards...
Adeniji Kazeem & Co.
Lagos, Nigeria

Founded in 1996
English
Adeniji Kazeem & Co., established in 1996, is a full-service law firm with offices in Lagos and Abuja, Nigeria. The firm offers a comprehensive range of legal services to both private and public sector clients, encompassing areas such as litigation, alternative dispute resolution, information and...
Hans Offia & Associates
Lagos, Nigeria

Founded in 2017
25 people in their team
English
Hans Offia & Associates is a full-service dispute resolution and commercial law firm operating in three zones across Nigeria. Our law firm provides a wide range of legal services across a diverse practice area spectrum, offering cutting-edge solutions to our clients' legal challenges, be it in...

Founded in 1965
200 people in their team
English
Afe Babalola & Co. | Top Law Firm in Nigeria for Litigation & Legal AdvisoryAfe Babalola & Co. (Emmanuel Chambers) is a leading full-service law firm in Nigeria, renowned for excellence in advocacy, commercial law, and legal advisory. Founded in 1965 by Aare Afe Babalola, SAN, CON, OFR,...

Founded in 2003
50 people in their team
English
Our StoryPrinciples Law Partnership is a firm of Barristers, Solicitors, Arbitrators, Notaries Public and Registered Capital Market Consultants.It has its offices in Port Harcourt, Rivers State and Lekki, Lagos.Principles Law Partnership was founded in 2003 by Mrs. Miannaya A. Essien SAN, FCI Arb.,...
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About Funds & Asset Management Law in Lagos, Nigeria

Funds and asset management is a specialized area of financial services that involves managing investments on behalf of individuals, corporate entities, and institutional investors. In Lagos, Nigeria’s leading commercial hub, the sector continues to grow due to increased investor awareness, a growing high-net-worth population, and the expansion of capital markets. Funds managers are professionals or organizations authorized to handle pooled investments, such as mutual funds, pension funds, private equity funds, and other collective investment schemes. Asset management, more broadly, focuses on the strategic handling of both financial and non-financial assets for optimum returns while minimizing risk and ensuring compliance with applicable laws and regulations.

Why You May Need a Lawyer

Many individuals and organizations require legal advice in the field of funds and asset management due to the complexity and regulations inherent in this area. Here are common situations where legal help may be necessary:

  • Setting up or registering a funds management or asset management company.
  • Drafting or reviewing fund constitutive documents such as trust deeds and offering memoranda.
  • Ensuring compliance with regulatory frameworks set by the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN).
  • Handling disputes related to mismanagement or misrepresentation by fund managers.
  • Assisting with mergers, acquisitions, or restructuring of asset management firms.
  • Navigating cross-border investments or repatriation of funds.
  • Managing tax implications related to fund and asset transactions.
  • Advising on investor protection and risk management mechanisms.

By consulting a lawyer with expertise in funds and asset management, you can avoid legal pitfalls, ensure regulatory compliance, and protect your investments and interests.

Local Laws Overview

Funds and asset management activities in Lagos are primarily governed by local and national laws and regulations. The major legal frameworks and regulators include:

  • Securities and Exchange Commission (SEC) Rules and Regulations: The SEC is the principal regulator for all collective investment schemes in Nigeria and oversees registration, conduct, compliance, and reporting.
  • Investment and Securities Act (ISA) 2007: This law establishes the legal basis for investment and securities business, including collective investment schemes and fund management companies.
  • Central Bank of Nigeria Guidelines: The CBN supervises institutional investors such as pension funds and provides additional regulatory oversight for certain asset classes.
  • Companies and Allied Matters Act (CAMA) 2020: All fund and asset management companies must comply with the provisions of CAMA, including incorporation, governance, and disclosure requirements.
  • Pension Reform Act: For pension fund managers, compliance with the National Pension Commission’s regulations and the Pension Reform Act is mandatory.
  • Money Laundering (Prevention & Prohibition) Act: Asset management companies must maintain diligent anti-money laundering compliance standards.

Fund creation and management demand close attention to the legalities of licensing, required disclosures, permissible investment vehicles, risk management practices, and reporting obligations in Lagos and Nigeria as a whole.

Frequently Asked Questions

What is the role of the Securities and Exchange Commission in asset management?

The SEC is responsible for licensing, supervising, and regulating all public and private collective investment schemes and their managers in Nigeria. It ensures that asset managers operate transparently and protect investor interests.

Do I need a license to manage funds or assets on behalf of others in Lagos?

Yes, individuals or entities must obtain the requisite license from the SEC before offering professional funds or asset management services. Unlicensed management is illegal and subject to penalties.

Can foreigners invest in Nigerian funds or assets managed in Lagos?

Yes, foreign investors can participate, but certain rules govern their investments, including registration with the SEC, compliance with foreign exchange regulations, and adherence to reporting standards.

What types of funds can I invest in through asset managers in Lagos?

Options include mutual funds, pension funds, private equity funds, real estate investment trusts, and other collective investment schemes, each with varying risk profiles and regulatory requirements.

How are fund managers held accountable for mismanagement?

The SEC and other relevant bodies may sanction or revoke licenses of managers who breach fiduciary duties or mismanage funds. Victims of mismanagement can seek redress through legal proceedings or regulatory interventions.

What disclosures are asset managers required to make?

Managers must provide clear information about investment strategies, risks, fees, historical performance, and conflicts of interest to investors. These disclosures help investors make informed decisions.

How do I know if an asset manager is properly registered?

You can verify the registration status of any asset manager through the SEC’s publicly available records or by requesting proof of licensing directly from the manager.

Are asset managers required to report on fund performance?

Yes, asset managers must periodically publish and report fund performance, typically quarterly or annually, in compliance with SEC regulations.

What should I do if I suspect fraud or malpractice by my fund manager?

Immediately contact the SEC or the Nigerian Police to report the matter. It is also advisable to consult a lawyer to understand your legal options and seek appropriate remedies.

Can I set up a private investment fund for select investors in Lagos?

Yes, but you must still comply with SEC rules regarding registration, investor qualification, and reporting, even if the fund is not open to the public.

Additional Resources

If you require more information or assistance regarding funds and asset management in Lagos, the following resources can be helpful:

  • Securities and Exchange Commission (SEC), Nigeria
  • Central Bank of Nigeria (CBN)
  • National Pension Commission (PenCom)
  • Nigerian Stock Exchange (NGX RegCo)
  • Nigerian Investment Promotion Commission (NIPC)
  • Federal Ministry of Finance, Budget, and National Planning
  • Financial Services Regulation Coordinating Committee (FSRCC)
  • Lagos State Investment Promotion Agency
  • Professional bodies: Nigerian Bar Association (NBA), Association of Assets Custodians of Nigeria
  • Legal and financial advisory firms specializing in funds and asset management

Next Steps

If you require legal assistance in funds and asset management in Lagos, Nigeria, here is how you can proceed:

  • Clearly identify your legal needs, such as fund setup, compliance advice, investor representation, or dispute resolution.
  • Research and contact a qualified lawyer or law firm with expertise in funds and asset management law in Nigeria.
  • Prepare all relevant documentation and information related to your case or inquiry before your consultation.
  • Discuss possible outcomes, timelines, legal fees, and ensure you understand the lawyer’s approach before you proceed.
  • Where necessary, contact regulators such as the SEC or CBN for additional clarification regarding your obligations or rights.
  • Stay informed about changes in the law and regulatory guidelines affecting funds and asset management in Nigeria.

Seeking professional legal guidance ensures that your activities in funds and asset management comply with local laws and international best practices, helping you safeguard your investments and interests.

Lawzana helps you find the best lawyers and law firms in Lagos through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Lagos, Nigeria - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.