Etigwe Uwa SAN, Streamsowers & Köhn

In legal parlance, restructuring of a corporate entity is effected upon a declaration of insolvency or to avert insolvency or in some cases for the expansion of the business base of such organisation. In the case of statutory or corporate organisations, state authorities may implement the restructuring, while for private companies, private administrators effect the restructuring. A number of matters pertaining to insolvency and restructuring have occurred in Nigeria very recently; the most apparent being the power sector, where change in policy and industry reforms occasioned major overha…

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