September 14, 2016
The Nigerian economy is presently in recession. Incidentally, the country is also undertaking business insolvency law reforms. Sanford U. Mba (S.J.D. Candidate), in a recently published opinion argues that - like many countries that have undertaken insolvency law reforms - the present economic circumstances present an important opportunity for policy/law makers in the country to pursue the much needed reforms. He further draws a parallel between the post-2008 EU economy and Nigeria's present situation, arguing for a preventive rehabilitation regime for distressed businesses.
See Article on p. 31/64 of the September 6, 2016 issue:
https://issuu.com/thisdaylive/docs/160906201117-b8e500dad35b4f6284fce8aa47a60bb4