Authors: Okorie Kalu[1] Tobenna Nnamani[2] Introduction Many jurisdictions have enacted statutes which sanction netting and set-off in relation to financial markets. They have done so primarily to reduce systemic risk because of the very large amounts involved i.e. that a default by one institution may bring down others at the cost of the financial system …
More →There is no specific legislation in Nigeria for the recognition of foreign insolvency proceedings, orders, or judgments as well as for co-operation between domestic and foreign courts, coordination of concurrent proceedings or communication of information. Nigeria only has a limited framework for recognition and enforcement of an international monetary judgment which must be final and …
More →INTRODUCTION The adverse effects of the COVID-19 pandemic has taken a heavy hit on labour and employment relations. In some jurisdictions, policies and measures such as insurance, government grants, concessions and palliatives have been put in place to cushion the effect of the economic crunch and cater for the ever-increasing unemployment rate. However, in Nigeria, …
More →From the health sector to aviation and transport, tourism and hospitality, education, business, recreation, oil & gas, real estate, and manufacturing, the pandemic has continued to cause grave impacts with resultant grave consequences. The statistics as of May 19, 2020 showed a total number of 4,971,499 cases with 324,115 reported deaths globally. In Nigeria, the …
More →Across the globe, the effects of reduced demand, disrupted supply chains and tighter liquidity resulting from the COVID-19 pandemic is causing significant financial distress for all kinds of businesses. Read our contribution for Nigeria to the INSOL International and the World Bank Group jointly produced Global Guide which highlights some of the primary measures that …
More →Introduction Various reforms have been ongoing in the financial and commercial landscape for doing business in Nigeria, which impacts on insolvency and restructuring practice in Nigeria. In May 2017, the enactment of the Collateral Registry Act (also known as the Secured Transactions in Movable Assets Act) and Credit Reporting Act enhanced the secured credit framework …
More →Our Associate, Peter Edokpayi with Adam Harris, Past President, INSOL International at the 2019 Africa Round Table (ART) on insolvency reform hosted by INSOL International and World Bank Group recently at the Swakopmund Hotel & Entertainment Centre, Namibia. See Images
More →Our Senior Associate, Iheanacho Dike Udensi, at the Lawyers Associated Worldwide(LAW) 2019 Annual General Meeting held recently in Munich. See Images
More →Our Senior Partner, Chief Anthony Idigbe SAN, facilitating a training session via Microsoft Teams on Regulatory Framework for Merger and Acquisition in Insurance Sector. At the Central Bank of Nigeria Training Institute, Abuja, October 8th, 2019.
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