Practice areas/Receivership, turnaround, recovery
03 Insolvency & Restructuring
Receivership, turnaround, warehousing and debt recovery mandates for banks, funds and corporates across sectors.
The practice
What instructing us on insolvency & restructuring looks like.
CAMA 2020 widened the options open to a secured creditor and sharpened the traps. We act for receivers, debenture holders, distressed borrowers and purchasers of loan books, moving between negotiation, restructuring and enforcement as the numbers require.
The first question is never which remedy is available — it is which remedy actually returns money within a period the client can fund.
Scope of work
- Receivership and administration appointments
- Company voluntary arrangements and schemes
- Debt recovery and security enforcement
- Loan book acquisition and warehousing
- Directors' duties and insolvency litigation
- Cross-border recognition and asset tracing
Who we act for
How we work
Judgement applied in a particular order.
The discipline changes; the method does not. These are the decisions we take first on every mandate in this practice.
Test the security first
Every mandate opens with a review of perfection and priority. Enforcement built on a defective charge fails expensively and late.
Recovery arithmetic
We model realistic recovery net of cost and time before choosing between restructuring and enforcement.
One team, three disciplines
Tax, litigation and insolvency counsel sit on the same file, so a settlement is not undone by a consequence nobody priced.
Selected record
Where this practice has been tested.
Guaranty Trust Bank Plc v. Obosi Microfinance Bank Ltd
High Court of Lagos State
Receivership of a manufacturing group
Federal High Court
Loan portfolio acquisition and warehousing
Transactional
Common questions
Asked before most instructions.
Do you act for debtors as well as creditors?
Yes, though not on both sides of the same matter. Debtor-side work is often about buying credible time for a restructuring to work.
How quickly can enforcement begin?
Where security is clean and the default is documented, we can be before a court within days on an urgent application.
Consult us
Put the insolvency & restructuring question to a partner.
Every enquiry is read by a partner, cleared for conflicts and acknowledged within one business day. Urgent injunctive or enforcement matters are triaged the same day by telephone.