BUSINESS RESCUE AND INSOLVENCY
Business Rescue and Insolvency
At Shehu Wada & Co., we understand the complexities and challenges that businesses face when dealing with financial distress. Our Business Rescue and Insolvency practice is designed to provide tailored legal and strategic support to companies seeking to navigate these turbulent times effectively.
We believe that every business deserves the opportunity to recover and thrive, even in the face of financial hardship. Our team of seasoned legal experts works diligently to craft practical, innovative, and efficient solutions to address your unique circumstances.
Corporate Rescue and Restructuring
We assist companies facing financial difficulties by providing strategic advice on corporate rescue operations. Our services include restructuring debt, negotiating with creditors, and implementing recovery plans aimed at restoring financial stability and ensuring the company’s long-term viability
Debt Restructuring
Our firm offers legal advice on restructuring corporate debt to improve financial sustainability. We work with clients to renegotiate terms with creditors, extend repayment periods, or consolidate debt to alleviate financial pressure, allowing companies to focus on recovery.
Insolvency Proceedings
We guide clients through insolvency processes, ensuring compliance with Nigerian insolvency laws and protecting the interests of stakeholders. Our services include advising on liquidation, administration, receivership, and voluntary arrangements, with a focus on minimizing losses and maximizing asset recovery.
Cross-Border Insolvency
In today’s globalized economy, insolvency can involve multiple jurisdictions. We provide advice on cross-border insolvency matters, helping clients navigate the complexities of dealing with foreign creditors and assets. Our goal is to deliver coordinated and efficient solutions that minimize disruption to business operations.
Creditor Representation
We represent creditors in insolvency proceedings, ensuring their interests are protected throughout the process. This includes securing their claims, advising on enforcement options, and negotiating settlements or repayment plans that maximize recovery.
Liquidation and Winding Up
When corporate recovery is not feasible, we provide legal assistance in the orderly liquidation or winding-up of a company. We ensure that assets are distributed according to the legal hierarchy, with a focus on safeguarding the interests of creditors, employees, and other stakeholders.
Regulatory Compliance and Advisory Services
We advise businesses on compliance with insolvency laws and regulations, helping them avoid potential liabilities and penalties. Our services also include advising boards of directors on their duties and responsibilities during times of financial distress, ensuring they make informed decisions that align with legal obligations.
Contact
legal@shehuwada.com
Frequently Asked Questions
Business rescue focuses on rehabilitating a financially distressed company to restore it to profitability, often through restructuring and operational changes. Insolvency, on the other hand, involves a legal process to liquidate or wind up a company’s affairs when it cannot pay its debts, ensuring fair treatment of creditors.
A company may qualify for business rescue if it is financially distressed but has a reasonable prospect of recovery through restructuring or other measures. Our legal experts can assess your situation and advise on the best course of action based on your company’s financial condition and applicable laws.
