We are proud to announce that our Senior Partner, Dr. (Chief) Anthony Idigbe, SAN, has made history as the first Nigerian invited to join the International Exchange of Experience on Insolvency Law (IEEI); a prestigious global network of insolvency judges, academics, and practitioners from over 35 countries. Founded in 2000 under the auspices of the …
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Insolvency Practitioners’ Roles and Responsibilities: Jurisdictional Insights – Nigeria Forward INSOL International’s Insolvency Practitioners Group (IPG) has decided to prepare a publication that explores the roles and tasks of insolvency practitioners in various jurisdictions. The result of IPG’s research is contained in this publication. Worldwide, insolvency practitioners have similar objectives: to provide all stakeholders with …
More →THE FEDERAL REPUBLIC OF NIGERIA V. PROCESS & INDUSTRIAL DEVELOPMENTS LIMITED The lawsuit initiated by the Federal Republic of Nigeria (“FRN”) against Process & Industrial Developments Limited (“P&ID”) in the Commercial Court stands out as one of the most substantial international disputes related to arbitral enforcement. The anticipated verdict holds the potential to impart valuable …
More →SAFE Finance in Nigeria Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction According to the African Venture Capital Activity Report 2022, seed stage deals continually comprise the largest proportion of venture capital volume in Africa. When categorized from sector specific level, …
More →The World Bank has estimated that micro, small and medium sized enterprises (MSMEs) represent over 95% of enterprises and account for more than 60% of employment worldwide. With limitations regarding their ability to self-protect against insolvency risk, their susceptibility to systemic demand and supply shocks, their limited capital reserves and their level of debt overhang, …
More →In this chapter, Our Senior Partner explains that, though the market is nascent, rescue finance is possible in Nigeria through certain provisions in the Companies and Allied Matters Act 2020 (which introduced CVAs and administration, with implications for post-commencement financing and, therefore, rescue finance), in addition to finance advanced by the Asset Management Company of …
More →Read our contribution to the International Comparative Legal Guide on a practical cross-border insight into Merger Control Laws and Regulation in Nigeria.
More →There have been significant changes in the Nigerian Insolvency Framework in the last 12 months owing to the introduction of the Companies and Allied Matters Act, 2020 (“the New CAMA”) which came into force on January 1, 2021. Prior to the advent of the New CAMA, the framework for insolvency under the 1990 CAMA focused …
More →It is no longer news that the provisions of the new Companies and Allied Matters Act (CAMA), 2020, which repealed and replaced the erstwhile Companies and Matters Act (CAMA), 1990 introduced several innovations aimed at improving business operation in Nigeria and the protection of the interests of various stakeholders, one of which is the Company …
More →Read our contribution to the International Comparative Legal Guide on a practical cross-border insight into Merger Control Laws and Regulation in Nigeria. Disclaimer This report was prepared before the new merger review regulation.
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