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Book Cover
E-book
Author Onamson, Okafor

Title Law and Creditor Protection in Nigeria
Published Malthouse Press, 2017

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Description 1 online resource
Contents Cover -- Title page -- Copyright page -- Dedication -- Acknowledgements -- Preface -- List of Abbreviations -- Table of Cases -- Statutes and Instruments -- Contents -- PART I -- GENERAL INTRODUCTION -- Chapter 1 -- General Introduction -- Some relevant literature -- PART II -- FUNDAMENTAL ISSUES IN CREDITOR PROTECTION IN NIGERIA -- Chapter 2 -- Fundamental Terms in Creditor Protection -- A Corporate Debt Finance -- Corporate Borrowing Powers -- Corporate Governance Role of Debt Finance -- Operational Definition of Terms
Chapter 3 -- The structure of the legal framework for Creditor Protection in NigeriaThe Elements the Legal framework for Creditor Protection -- Contextual Issues in Creditor Protection in Nigeria -- The Content of the Legal Framework for Creditor Protection -- PART III -- LEGAL COMPONENT -- I. CREDITOR PROTECTION REGIME UNDER COMMON LAW -- Chapter 4 -- Contractual Mechanisms for Creditor Protection -- Creditor Rights: Self-Help Mechanisms -- Termination and Acceleration Rights -- Chapter 5 -- Proprietary Mechanisms for Creditor Protection -- The concept of Security Interest
Possessory Security Interest -- The PledgePossessory Security Interest -- The Lien -- Non-Possessory Security Interest -- The Mortgage -- PART IV -- LEGAL COMPONENT -- II. THE STATUTORY ENVIRONMENT OF CREDITOR PROTECTION -- Chapter 6 -- Strict Peremptory Creditor Protection Mechanisms -- Statutory Prescriptions -- Capital Maintenance Rules -- Disclosure Obligations as Protection for Creditors -- Chapter 7 -- Discretionary Peremptory Creditor Protection Mechanisms -- The Charge under CAMA -- Categories of Interests that can be created under CAMA
Registration of interests created by companiesThe Instrument of Debenture -- PART V -- THE REGULATORY COMPONENT. REGULATORY AGENCIES AND CREDITOR PROTECTION -- Chapter 8 -- the Role of Regulatory Agencies in Creditor Protection -- Corporate Affairs Commission -- Central Bank of Nigeria -- PART VI -- THE ENFORCEMENT COMPONENT -- Chapter 9 -- Legal Mechanisms for Enforcing Creditor Protection -- Enforcement of contractual rights -- Enforcement Mechanisms for Proprietary Protection -- Insurance against the Weaknesses in Creditor Rights Regime
Chapter 10 -- Enforcing Creditor Protection -- Debenture Holder's RemedyAppointment of Receiver -- PART VII -- CONCLUDING OBSERVATIONS AND REFORM -- Chapter 11 -- Observations and Reform -- Concluding Observations -- Findings -- Proposals for Reform -- Bibliography -- Index
Summary Annotation Examined here are the legal and practical reasons for the inefficiency of the legal framework of creditor protection in Nigeria. This is amply justified considering the critical role of credit in the promotion of economic growth and development and also bearing in mind the near calamitous consequences the 2009 financial crisis unleashed not only among Nigerian banks and financial institutions, and in the international financial system. The latter nearly led to socioeconomic catastrophe in Nigeria, as well as globally. It is hoped that book is found useful by government, policy makers, academics, corporate financial experts, investment bankers and other stakeholders to initiate and implement efficient policy actions to protect creditors in order to sustain the flow of credit, the engine of any economy
Notes Print version record
Subject Debtor and creditor -- Nigeria
African history.
LAW / Business & Financial.
Debtor and creditor
Nigeria
Form Electronic book
ISBN 978554530X
9789785545302