Insolvency & Business Recovery Services
Our Corporate and Insolvency Law Unit is a partner led team that provides swift and cost effective service to our various clients. The team comprises professionals skilled in all aspects of debt recovery, business rescue and Insolvency work. Their experience is not limited to advising in situations of actual insolvency but spans providing insolvency related tactical, preventive and transaction planning.
We assist debtors, creditors, other Insolvency Practitioners and regulatory authorities to find commercial solutions to their various Insolvency problems by making use of the relevant statutory mechanisms such as registration of relevant title documents, company restructuring, mediation, arbitration and as a last resort, litigation.
The team has long-standing connections with the major insolvency/accountancy firms in Nigeria and also works closely with other specialists outside the firm in order to ensure that the team is well prepared to handle transactions from a wide range of sectors; from retail to leasing, media to technology, manufacturing to insurance and financial service industries.
Types of assignments undertaken and services provided;
The services provided include:
- Corporate restructuring, reorganization and turnaround of financially distressed entities.
- Debt recovery, debt restructuring and debt trading.
- Receiverships
- Investor and secured/unsecured lender security analysis and option advice.
- Advising financially distressed companies, regarding formal and informal options including assistance with an initiation of appropriate steps and procedures.
- Advising directors of financially distressed companies and acting for directors in relation to disqualification or other insolvency proceedings commenced against them.
- Advising in relation to property insolvencies (e.g. for state governments, landlords, joint ventures and developers).
- Advising creditors generally (e.g insolvency options and retention of title issues) and arranging representation at, and report of, insolvency meetings.
- Solvent group reorganizations.
- Insolvency related litigation and investigations.
- Advising/acting for office holders on all aspects of formal insolvency.