Nigeria: Insolvency/Bankruptcy

The recent introduction by the extant Banks and other Financial Institutions Act 2020 of Bail-in, as a tool for resolving bank insolvency is a critical discussion point for the comity of international lenders, lending to Nigerian banks and other financial institutions.

Corporate Restructuring may be described as the process of rearranging a company's finances, operations, and management to improve its efficiency, effectiveness, and productivity

On the 14th February 2023, the President of the Federal Republic of Nigeria, Muhammadu Buhari GCFR, assented to the Business Facilitation (Miscellaneous Provision) Act ("the Act") 2023.