Business Re-organisation and Insolvency
ǼLEX is the premier insolvency and business re-organisation practice in Nigeria. The business re-organisation and insolvency group combines expertise in commercial and financial services law to provide effective solutions and advise in all business re-organisation and insolvency situations.
The firm provides business advice to companies and corporate shareholders in all aspects of insolvency law, including schemes of arrangement, restructuring and re-organisation, either as part of new investments, or resulting from corporate receiverships and liquidations. We represent clients in out-of court workouts, debt restructurings, acquisitions, and liquidations. The firm regularly represents a wide variety of parties including creditors, debtors, trustees, receivers, landlords, buyers, sellers, equity holders and bondholders.
We assisted an international manufacturing company on its acquisition of the assets of a liquidated paper mill. We are presently representing the liquidator in a matter involving the preservation and sale of assets and settlement of over 200 creditors including a consortium of banks.