Q: How is the ownership and operation of aerodromes regulated?

A: There are over 271 estimated aerodromes in Nigeria, made up of 25 airports ‘owned’ by the Federal Airports Authority of Nigeria (FAAN), 54 airstrips and 192 heliports/helipads/helidecks. It is therefore important that an adequate regulatory system be put in place in terms of the ownership and operation structure of aerodromes in order to address potential safety issues likely to emanate in the civil aviation industry.

Q: What are the various types of securities available to financiers/lenders in order to protect their interests?

A: While there are a wide range of security measures available to financiers/lenders to protect their interests when financing transactions, this article focuses mainly on traditional securities.

Q:  What is share surrender and does it have any merits?

A: Surrender of shares is a voluntary return of shares held by a shareholder to the company. Section 160(3) of the Companies and Allied Matters Act, 2004 explains that a company may accept from any shareholder, a share in the company

Q: Why are loans traded, and what are the ways of trading loans?

A: The law provides that when there is an industrial dispute, parties should explore peaceful resolution through a process of alternative dispute resolution before it is heard by the Industrial court. This is alternative to the traditional method for resolving disputes which is litigation. It includes negotiation, mediation, conciliation, arbitration. Recourse may be made to these mechanisms for amicable settlement of conflicts between employers and employees.