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 →The Corporate Affairs Commission (the Commission) on August 31, 2021, released a circular notifying the public that it had commenced the registration of Limited Liability Partnerships (LLPs) and Limited Partnerships (LPs). The Commission therefore deployed the registration interface for LLPs and LPs on the Company Registration Portal (CRP) and advised members of the public to commence the registrations of LLPs and LPs using the …
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Authors: Ugochukwu Nwaokike, Ibukun Adebara The CBN, like other Central Banks globally, has commenced preparation for the issuance and operation of Central Bank-issued Digital Currency (CBDC). This project is driven by a collaboration between the CBN and its technical partner, Bitt. Inc. A CBDC is a digital representation of a fiat currency, denominated in an existing unit of account, …
More →Read our recent contribution to Lexology Getting the Deal Through by our Senior Partner, Anthony Idigbe SAN, Partner, Ebelechukwu Enedah and Senior Associate, Tobenna Nnamani answer questions and analyse Securities Litigation in Nigeria. Read full chapter here
More →AUTHOURS: Tochukwu Nwobodo, Ibukunoluwa Adebara The United Nations (UN) consistently advocates for the prospects of social justice within the fast-paced global digital economy.[1] The UN explains Social Justice to mean “an underlying principle for peaceful and prosperous coexistence within and among nations. We uphold the principles of social justice when we promote gender equality or …
More →The aviation industry contributed 0.14% to the nations GDP in the year 2019. The industry has contributed immensely to the growth of the economy with the creation of jobs, attraction of foreign investments and the development of other sectors. Air transport is the most preferred means of transportation in Nigeria- despite the higher price tag, …
More →The new CAMA 2020 is not an amendment of the old CAMA, it is an Act to repeal the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria, 2004 and enact the Companies and Allied Matters Act, 2020. This report seeks to address the impact of the Act on foreign private …
More →PUNUKA Attorneys & Solicitors maintains this website to provide general information about the firm, its lawyers, consultants, professional staff, and the services being provided to clients, partner entities, authoritative bodies or the public at large. The materials on this website have been prepared by PUNUKA for informational purposes only and are not legal advice. Internet …
More →Authours: Emuobonuvie Majemite, Betty Biayeibo, Akinwunmi Ajiboye[1] Introduction It has become common practice for parties to insert an arbitration clause in their contracts stating arbitration as the agreed mechanism and proper forum for resolving any dispute that may arise from such contracts. However, despite the presence of an arbitration clause, more often than not, parties’ …
More →Authors: Okorie Kalu[2] Peter Edokpayi[3] INTRODUCTION President Muhammadu Buhari on August 7, 2020, assented to the Companies and Allied Matters Act, 2020 (“CAMA 2020” or “the New Act[4]”), which repeals and replaces the Companies and Allied Matters Act, 1990[5] (the “Repealed Act”). CAMA 2020 reflects a myriad of commendable amendments and introduces new provisions arguably …
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