COMPARATIVE REVIEW OF APPROACHES TO “RESCUE”OR “DEBTOR- IN-POSSESSION” (DIP) FINANCE IN RESTRUCTURING AND INSOLVENCY REGIMES

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 Nigeria in respect of assets it has under management.

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