Practice Area
Company Proceedings
Proceedings involving companies, their shareholders and their creditors, including restructuring and insolvency under CAMA 2020.
Overview
Company proceedings in Nigeria.
Disputes inside a company, and proceedings concerning its solvency or restructuring, have their own rules and their own court. Under the Constitution, the Federal High Court has jurisdiction over matters arising from the Companies and Allied Matters Act 2020, and we appear before it in Abuja in company matters.
CAMA 2020 strengthened the protection of minority shareholders and introduced business-rescue procedures, such as company voluntary arrangements and administration, alongside winding-up. We act for shareholders, directors, creditors and companies in these proceedings, and advise on the options before a dispute or a financial difficulty becomes a crisis.
How we help
What we do for you.
- 01Shareholder disputes, including unfair-prejudice petitions and derivative actions
- 02Directors’ duties and claims involving directors
- 03Schemes of arrangement and court-sanctioned restructurings
- 04Company voluntary arrangements and administration
- 05Winding-up petitions, and defending a company against them
- 06Creditor claims in insolvency proceedings
Need help with company proceedings?
Who we act for
Our clients.
- Minority and majority shareholders
- Directors and boards
- Companies in financial difficulty
- Creditors and lenders
- Insolvency practitioners
Not sure whether we can help? Send us a short outline.
What can a minority shareholder do if the company is run unfairly?
CAMA 2020 allows a shareholder to apply to court where the company’s affairs are conducted in a way that is oppressive or unfairly prejudicial to them, and in some cases to bring a derivative action on the company’s behalf. The court has wide powers to grant relief. The right remedy depends on the facts, so early advice matters.
Which court hears company matters?
Matters arising from the operation of CAMA 2020, such as winding-up, schemes of arrangement and shareholder petitions, are heard by the Federal High Court.
Is winding-up the only option for a company that cannot pay its debts?
No. CAMA 2020 introduced business-rescue procedures, including company voluntary arrangements and administration, which may allow a company to be rescued or its business preserved. Timing is important: the options narrow as a company’s position worsens.
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