Publications
Corporate Rescue Under CAMA 2020: Rescuing Businesses, Not Just Liquidating Them
The Companies and Allied Matters Act 2020 (CAMA 2020) transforms Nigeria’s insolvency landscape by replacing the liquidation-heavy model with business rescue mechanisms such as administration and Company Voluntary Arrangements (CVA)—drawing on the UK’s Insolvency Act.
By empowering qualified insolvency practitioners to intervene early, the law aims to protect viable companies, preserve jobs and improve outcomes for creditors. While the statutory moratorium and rescue focus are major advances, the absence of cross-border insolvency provisions and weak enforcement of practitioner standards remain key challenges.
By empowering qualified insolvency practitioners to intervene early, the law aims to protect viable companies, preserve jobs and improve outcomes for creditors. While the statutory moratorium and rescue focus are major advances, the absence of cross-border insolvency provisions and weak enforcement of practitioner standards remain key challenges.
Open Banking in Nigeria: Legal Framework & Implications
Open banking is set to officially launch in Nigeria by August 2025, marking a new era for data driven financial services. With the Central Bank’s framework in place, the system promises innovation and inclusion but also raises questions around privacy, security, and compliance.
Balancing Patent Rights And Public Health: The Role Of Compulsory Licensing
This article delves into the role of compulsory licensing as a legal mechanism for facilitating access to patented pharmaceuticals in the context of public health emergencies. While patents are essential in fostering pharmaceutical innovation, they often impose barriers to access in low-income regions. International legal frameworks, particularly the TRIPS Agreement and the Doha Declaration, empower nations to issue compulsory licenses, enabling the appropriation of patented technologies without the holder’s consent to prioritise public health needs.
This discussion highlights the critical necessity for robust legal structures that balance the protection of intellectual property rights with the imperative to ensure that life-saving therapies are accessible during health crises.
This discussion highlights the critical necessity for robust legal structures that balance the protection of intellectual property rights with the imperative to ensure that life-saving therapies are accessible during health crises.
The Future of Green Bonds in Nigeria and Implications for Finance Lawyers
Nigeria, a trailblazer in African sustainable finance, has emerged as a key player in the global green bond market, with its sovereign green bonds being the first of their kind in Africa. This article examines the burgeoning green bond landscape in Nigeria, driven by government commitment, expanding institutional participation, and growing investor appetite for ESG-linked investments. It delves into the regulatory environment, highlighting the crucial roles of the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NGX), and the Central Bank of Nigeria (CBN).
Uncapped Fines Under Nigeria‘s Money Laundering Act 2022: A Threat To Business Growth And Ease Of Doing Business
Nigeria’s Money Laundering (Prevention and Prohibition) Act 2022 introduces uncapped daily fines of ₦1,000,000 for non-compliance with suspicious transaction reporting requirements. While intended to strengthen anti-money laundering controls, these penalties disproportionately burden small and medium enterprises and threaten Nigeria’s business environment.
Potential Issues For a Third-Party Arbitration Financier Under The Nigerian Arbitration and Mediation Act, 2023
In recent years, third-party arbitration financing has emerged as a dynamic tool for providing claimants with the resources needed to pursue arbitration, particularly in complex commercial disputes.
This article shall identify potential areas of liability and risk for financiers and persons seeking to provide funding arbitration proceedings seated in Nigeria under the Nigerian Arbitration and Mediation Act, 2023.
This article shall identify potential areas of liability and risk for financiers and persons seeking to provide funding arbitration proceedings seated in Nigeria under the Nigerian Arbitration and Mediation Act, 2023.
Legal and Regulatory Considerations in the Exit Strategies for Private Equity Investments in Nigeria
A fundamental characteristic of private equity investment is that it has a limited timeline within which the investment is expected to reach its maturity and return profits to its investors/limited partners. As a result, private equity fund (‘PE fund’) managers often structure their investments in a portfolio company with an exit in mind. The identification of potential exit opportunities may influence a PE fund’s decision to invest in a company.