Showing posts with the label Commercial LitigationShow all
THE EXIT STRATEGY: WHY AND HOW TO DISSOLVE CORPORATE ENTITIES IN NIGERIA UNDER CAMA 2020 | Clementina E. Ukiri, Esq. (De Dominus Litis)
In the Nigerian business landscape, starting a company is often celebrated, but knowing when and how to close one is a mark of sophisticated corporate governance. Whether it is a Limited Liability Company or an Incorporated Trustee (NGO/Church), leaving a "dormant" entity on the Corporate Affairs Commission (CAC) books is a ticking time bomb of penalties and legal liabilities. With the advent of the Companies and Allied Matters Act (CAMA) 2020 and the Insolvency Regulations 2022, the process of "winding up" has moved fro…
