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This article, authored by TEMPLARS Partner Ijeoma Uju and Associate Nafisa Haliru, analyzes a pivotal advancement within the Nigerian corporate landscape—the introduction of the Administration of Companies (AOC) and Companies Voluntary Arrangement (CVA) under the ambit of the Companies and Allied Matters Act, 2020 (CAMA).

It explores how these rescue strategies are revolutionizing the approach towards financially distressed companies in Nigeria, offering a vital lifeline to businesses grappling with challenging financial circumstances.

The publication aligns Nigerian practices with prevailing global trends, underscoring the imperative for robust cross-border provisions.

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