Sunusi Musa SAN
Principal Partner
Disputes
Insolvency
Advice and representation for creditors, debtors, directors and insolvency practitioners in restructurings, receiverships, administrations and liquidations.
Overview
When a business is in financial difficulty, early advice widens the options. We act for creditors, companies, directors and office-holders in rescue and recovery processes under Nigerian law.
CAMA 2020 introduced company voluntary arrangements, administration and netting alongside receivership and winding up. We advise on which process fits the situation, on the enforcement of security and on claims in insolvency, and we represent parties in insolvency litigation.
Our Principal Partner is an accredited insolvency practitioner and has served as receiver-manager of companies, including entities under the Asset Management Corporation of Nigeria (AMCON), so we understand these processes from the office-holder’s side as well as the creditor’s.
What we do
-
Debt Refinancing Strategies
Tailored debt refinancing solutions crafted to suit the unique needs of clients within the Nigerian market, aimed at renegotiating terms and restructuring obligations for enhanced financial stability.
-
Equity Restructuring Expertise
In-depth knowledge of Nigerian equity restructuring laws, empowering us to optimize capital structures and support business turnaround efforts effectively.
-
Corporate Reorganizations
Strategic guidance through corporate reorganization processes under Nigerian law, streamlining operations and unlocking value for stakeholders.
-
Asset Monetization
Proven expertise in facilitating asset monetization in Nigeria through strategic sales, leases, and disposal mechanisms, maximizing recovery value for creditors and investors.
-
Workouts and Concessions
Skilled negotiation of workout agreements and concessions unique to the Nigerian context, fostering mutually beneficial solutions between debtors and creditors.
-
Receiverships Management
Court-appointed receivership oversight, ensuring transparent and compliant asset management in distressed situations, in accordance with local laws and regulations.
-
Administration and Business Rescue Support
Dedicated support for insolvent companies in Nigeria, guiding them through administration and business rescue proceedings while safeguarding stakeholder interests.
-
Administrative Hearings Representation
Strong representation in administrative proceedings related to insolvency matters in Nigeria, including creditor meetings, court hearings, and regulatory inquiries.
-
Insolvent Liquidations Management
Expert handling of insolvent liquidations in Nigeria, prioritizing asset recovery and creditor distributions to achieve optimal outcomes.
-
Controversial Court Proceedings Defense
Vigorous defense of client interests in contentious court proceedings arising from insolvency matters in Nigeria, ensuring fair and favorable outcomes.
Our team
FAQs
A rescue procedure introduced by CAMA 2020 in which an administrator takes control of a company to try to rescue it as a going concern or achieve a better result for creditors than winding up. A moratorium protects the company from most claims while it runs.
A proposal by a company to its creditors for a composition or scheme of arrangement of its debts, supervised by an insolvency practitioner. Once approved by the required majority it binds the creditors who were entitled to vote.
Yes. A creditor owed more than the statutory minimum can serve a demand and, if it is not met within the prescribed time, petition the court to wind the company up on the ground that it cannot pay its debts.