The 6th Annual Law Series
The 2012 edition continued our India focus with the theme How Emerging Markets Emerge – An Asian Perspective.
This theme was selected in recognition of the growing influence of emerging markets in the global space and the ascendency of Asian economies; adjudged to be among the biggest and fastest growing emerging markets in the world, and projected to attain the status of dominant economies by 2020. The event was therefore designed to identify the best practices which leaders of Nigeria’s public and private sectors can learn from these countries in our efforts at establishing a global economic presence.
To lead the deliberations, the Series secured the attendance of the the Indian High Commissioner to Nigeria, Mr. Mahesh Sachdev to provide insights on India’s emergence as a major economic power and that of Mr.Sitesh Mukherjee, a Partner with Trilegal; one of India’s most successful law firms.
The various arguments for and against the removal of petroleum subsidy and the week-long strike embarked upon by labour unions at the beginning of the year had revived deliberations on the Petroleum Industry Bill (PIB) which seeks to, among other things, transform Nigeria’s oil sector by improving the activities of its national oil company, making it properly capitalized with enhanced transparency and disclosure. The second session of the 6th Annual Law Series sought to further examine the status of the PIB and was themed: “The PIB Upstream Licensing Regime – An Aperture or Drought to Investment”. To lead the discussions on this theme, the series confirmed the attendance of key speakers including Mr. Austeen Oniwon, then Group Managing Director of the NNPC, Mr. Odein Ajumogobia, SAN, a former Minister of Petroleum; Mr.Tonye Cole, the Chief Executive of the Sahara Group and Mr. Ike Oguine, the General Counsel of Chevron Nigeria Limited.