Acorn & Mustad Legal

 By Theresa Dukumor  A Guide to Implementing a sustainable data protection culture in your start-up In today's fast-paced world, data has become the driving force behind societal and global advancements. It fuels innovation, saves lives, and generates substantial profits for businesses. However, working with data, particularly personal data, comes with risks. Start-up founders often get caught up in the excitement of building great products and overlook the need for privacy and data protection policies. Neglecting proper data protection measures can have severe consequences, as evidenced by high-profile cases like the recent  €1.2bn  fine imposed on   Meta by the EU  for privacy violations, which makes it one of the biggest data breach penalties of our time. Also, in 2021,  Meta was fined $276 million for a data leak that exposed phone numbers, locations and other personal information . TikTok  and  Soko loan  a Nigerian credit facility also paid huge fines and faced threats of cri

 By Kofi Apori & Theresa Dukumor  INTRODUCTION Picture this: You're casually scrolling through your Twitter feed when you stumble upon a shocking revelation – someone has just swooped in and snatched up a significant portion of your beloved publicly quoted company, leaving you no longer in control. This  real-life scenario recently played  out when Nigerian billionaire Femi Otedola, emerged as the largest shareholder in Tony Elumelu's Transcorp PLC. But here's the twist: Elumelu swiftly countered by buying out Otedola at a jaw-dropping profit of about three times the share price. Recent real-life examples, like Femi Otedola's moves in Transcorp PLC and Tony Elumelu's swift response, highlight the need for effective strategies to fend off hostile takeovers. In this article, we embark on a deep dive into the world of share buybacks – a strategic move that companies can wield to defend themselves from hostile takeovers. What is Share Buyback A share buyback is a pr