Page 42 - UUBO PE Summit 2020 - Materials

Investor Obligation and Protections in the NIPC Act

Registration
Obligation Ownership Guarantees Dispute Resolution

•Enterprises in which •Nigerians and •Government will not •Amicable resolution
foreigners can foreigners can invest nationalize or by mutual discussion
participate are in any sector, except expropriate any or arbitration of
required to register for those on the enterprise investor/government
with NIPC before negative list •Right of access to disputes
commencing •No restriction on courts and fair and •Provisions of any
business foreign percentage adequate Bilateral Treaty with

ownership compensation if the investor’s
acquisition is in country will apply
national interest/for •Right of recourse to
public purpose international
•No restriction on arbitration under
repatriation by ICSID Rules
foreigners of
investment returns
or sale proceeds
through an
authorized dealer

ICSID = International Centre for Settlement of Investment Disputes 26