Aluko & Oyebode, Sweep the 31st ILFR Africa Awards with 6 honours, as Templars and TNP also snag victories.
International Financial Law Review (IFLR) honoured Nigerian Stalwarts Aluko & Oyebode (A&O) 6 times in its 2021 IFLR Africa Awards. The New Practice (TNP) and Templars also beat out other shortlisted candidates to take home an award each.
The 2nd edition of the Africa ILFR awards ceremony was held virtually on Friday, 3 September 2021 and it was hosted by Legal Week and the Corporate Counsel Association of South Africa.
For 20 years, the core objective of the awards is to recognise legal innovation in cross-border transactions. To be considered, all deals must have reached financial close between June 1 2020 and May 31 2021. These transactions must also meet predefined criteria to be considered cross-border and jurisdictionally African.
Notably both TNP and A&O were involved in the winning M&A deal. Upon conferring the award ILFR prefaced with a short speech highlighting the distinctive elements of the deal.
“The winning M&A deal is a landmark in many ways. The deal involved an investment and expansion of an American headquartered global payments giants into the African market for the first time. The acquisition achieved status as an exemplary transaction in terms of Nigerian competition and antitrust laws which meant deal advisors had to cover a lot of untested legal ground.”
TNP was honoured to be selected for the M&A deal of the year. They said “The recognition of value we brought to this deal is a testament to the skills and growth of our team, the quality of work we deliver, and the confidence imposed by our clients”
Deal of the Year Category
- M&A: Aluko & Oyebode, The New Practice, Fenwick & West, Orrick Herrington & Sutcliffe
Stripe / Paystack Payments
- Domestic: Aluko & Oyebode
Nigerian Stock Exchange demutualisation
National Firm Awards Category
- National firm awards |Nigeria: Aluko & Oyebode
- Capital Markets firm of the year|Nigeria: Aluko & Oyebode
- M&A firm of the year|Nigeria: Aluko & Oyebode
- Loans firm of the year: Nigeria: Aluko & Oyebode
- Projects finance firm of the year: Nigeria:
Individual Awards Category
- Rising stars of the Year Award
Tiwalola Osazuwa- AELEX Legal Practitioner; Okechukwu Okoro – G. Elias & Co.