Administration
Appointments, applications to court and creditor engagement in administration.
Insolvency and restructuring, from the inside
Led by a CAC-accredited Insolvency Practitioner who served as the court-appointed Administrator of Dana Airlines Limited, we advise creditors, directors and companies in distressed situations and act in formal insolvency processes.
Jurisdictions served Lagos · Ogun · Oyo · Abuja
What we handle
Rescue, recovery and orderly exit.
We act in every formal process under CAMA 2020 and in informal restructurings around it.
Voluntary arrangements
Company voluntary arrangements and schemes that let a viable business agree terms with its creditors.
Receivership
Appointing receivers and managers under debentures, and challenging improper appointments.
Winding up
Creditors' petitions, statutory demands, voluntary liquidations and the defence of petitions.
Creditor representation
Proving debts, creditor committees and protecting a creditor's position in an insolvent estate.
Directors' advice
Directors' duties when a company is in difficulty, and exposure to personal liability, including for fraudulent trading.
The legal framework
CAMA 2020 changed Nigerian insolvency.
The Companies and Allied Matters Act 2020 introduced administration and company voluntary arrangements, giving viable businesses a route to rescue rather than liquidation.
During administration, a moratorium generally stops creditors from enforcing security or continuing proceedings against the company without the administrator's consent or the court's permission. Creditors need advice early, before the moratorium takes effect.
Statutory demands
A company that fails to pay a properly served statutory demand within the time allowed may be presumed unable to pay its debts, which supports a winding-up petition.
Qualified practitioners
Insolvency appointments require a qualified, accredited insolvency practitioner. Our Managing Partner is accredited by the Corporate Affairs Commission.
Choosing the process
Administration, a voluntary arrangement, receivership and liquidation each suit different situations. The choice decides how much creditors recover.
Contact
Tell us about your matter.
Send us a short summary and we will be in touch. Please don't send confidential documents until we have confirmed there is no conflict of interest.
Office
3rd Floor, 23 Hughes AvenueYaba, Lagos State, Nigeria
Telephone