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...

When a company's assets are systematically stripped before creditors can enforce their rights, a critical legal question emerges: can creditors pursue independent claims against those responsible...

The traditional approach to corporate insolvency in Nigeria, which focused on liquidation and winding-up, has undergone a significant shift with the enactment of the Companies and Allied Matters Act, 2020.

When a company enters receivership, control typically shifts to the receiver—but what happens when the very basis of that control is challenged?

Nigeria's President Muhammadu Buhari has signed the Companies and Allied Matters Act, 2020.

Like in other commonwealth countries, the power of sale in Nigeria is exercised either by a court order or a power of sale clause under a Mortgage Deed.

The importance of traditional debt collection methods by the Courts cannot be underrated.

Though ADR mechanisms as well as modern recovery strategies play an important role in prompt debt recovery, the importance of the traditional collection methods by the Courts cannot be underrated.

The aviation sector is one of the major pillars of Nigeria's economy, connecting regions, enabling trade, and supporting tourism.

If overdue debts are standing against your name and you are unable to settle, chances are that your Creditor may resort to self-help as a counter measure to get you to pay-up

Nigeria's Cabotage Vessel Financing Fund was designed to avoid the failures of its predecessor, the Ship Acquisition and Ship Building Fund, which collapsed in the 1990s due to widespread defaults and poor enforcement practices. This briefing examines why vessel arrest, though legally available, should be treated as a last resort rather than a first response when CVFF loans enter distress, and how alternative recovery mechanisms can preserve the fund's revolving capital structure.

The World Bank Group (World Bank) on Wednesday, 31 October 2018, published it's 2019 Doing Business Report (the Report).

It is no longer news that the provisions of the new Companies and Allied Matters Act (CAMA), 2020, which repealed and replaced the erstwhile Companies and Matters Act (CAMA), 1990 introduced several innovations ...

The Honourable Minister of Industry, Trade and Investment on 24 April 2022 approved the Insolvency Regulations 2022 ("the Regulations"), pursuant to the powers conferred on him by Section 867...

Secured creditors have greater options than unsecured borrowers in insolvency.

For a successful debt recovery in Nigeria one must follow the steps or procedure provided by relevant laws in Nigeria.

Where an interest holder becomes insolvent, the Minister of Petroleum Resources generally does not have the power to terminate the licence or lease except where the insolvency has led to a breach of any of the terms ...

The Companies and Allied Matters Act Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

With the enactment of the Companies and Allied Matters Act 2020 ("Act"/"CAMA"), Nigeria seeks to identify as a debtor friendly jurisdiction.

Overdue debts may arise for non-liquidation of loan advances within the agreed time or for failure to settle unpaid accounts for goods and services supplied, etc.