Nigeria: A Preliminary Appraisal of Nigeria’s First-Ever Company Voluntary Arrangement

January 11, 2022 | News Source: AllAfrica News: Economy, Business and Finance
[This Day] Company Voluntary Arrangement (CVA), is one of the notable business rescue procedures introduced by the Companies and Allied Matters Act 2020 (CAMA 2020). The CVA in CAMA 2020 is modelled after the CVA in the United Kingdom (UK) Insolvency Act 1986. About fifteen months after CAMA 2020 became law, Nigeria has had its first-ever CVA. This discourse critically assesses the groundbreaking and on-going CVA of Tourist Company of Nigeria Plc (TCN).

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