To ensure quick and efficient resolution of insolvency and restructuring proceedings and to address business recovery in Nigeria, stakeholders have called for effective legal and regulatory structures.
They also called for a judicial approach to insolvency, which requires the backing of robust legislation.The stakeholders made these calls at the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) yearly international conference with the theme; “Restructuring and Insolvency in Times of Economic Challenges.”
Justice Simon A. Amobeda of the Federal High Court, Kano, said legislative reforms that modernise insolvency frameworks can empower the judiciary to manage restructuring processes more effectively.
According to him, a strong legal framework that equips the judiciary with modern tools will ensure a more responsive and efficient insolvency process, particularly in times…
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