Insolvency, Debt Recovery, Business Rescue And Corporate Restructuring Practice.


Alliance Law Firm is a commercial law firm that offers pragmatic solutions for insolvency, debt recovery, Business Rescue and corporate restructuring. We are a strong advocate for improving existing statutory frameworks to facilitate a more modern approach to corporate reorganization, Business Rescue, Turnaround and insolvency arrangements in Nigeria.

Our Insolvency, debt recovery, business rescue and Corporate Restructuring team is made up of seasoned professionals with a deep understanding of insolvency laws and practical application of the laws to assist clients. We anticipate challenges and proactively formulate solutions, ensuring swift and decisive action. We are trusted by a wide range of clients operating in different sectors of the economy including government institutions.  Our services are tailored to suit the commercial objectives of our clients irrespective of their status as creditors, borrowers, mortgagors, mortgagees etc. This deep understanding of our clients’ businesses sets us apart from other service providers. We understand the business, economic, socio-cultural and emotional implications of the various procedures of the insolvency process, and we will work closely with you to ensure that the right approach is adopted and your interests are well safeguarded. We stay updated with the latest changes in insolvency laws to ensure that our clients receive the best legal advice.

ALF understand that every insolvency case is unique, and we adopt a solutions-oriented approach to finding the best possible outcome for our clients. Our insolvency lawyers work closely with you to understand your financial situation and develop tailored strategies to achieve your desired objectives, relief and financial rehabilitation.

Using a multi-disciplinary approach, we advise on all aspects of insolvency including restructuring, turnarounds and management of creditors. Our service offerings include but are not limited to: developing workout plans with creditors, loan restructuring, filing bankruptcy applications, receivership, voluntary administration and liquidation; schemes of arrangement; distressed and insolvent trading; security enforcement; mergers, acquisitions and due diligence; recovering debts, conducting sales of non-performing assets, arranging debtor-in-possession financing, negotiating reductions in corporate debt obligations, orchestrating a liquidation process, whole spectrum of corporate distress, from early stages through creditor workouts, debt and equity restructurings, workforce reorganisations, corporate transformation and formal insolvency administration. 

We are known for advising on extremely complex distressed situations which may also include litigation. Our world-class litigation team have specialist expertise in defending litigation arising out of insolvency situations. Our insolvency lawyers can represent your interests in court and negotiations with creditors, working tirelessly to protect your rights and achieve the best possible outcome for your case. The ALF insolvency team has been voted as the Insolvency Team of the year in 2019 and is ranked highly.

We have leading practices in employment, banking and financial services, commercial disputes and commercial transactions, which enables us to deliver full-service insolvency advice.


  • Recovery of the sum of circa USD $36 million through Receivership/Management for a Nigerian commercial Bank from two indigenous retail companies.
  • Recovery of circa USD $ 23 million under the CBN Anchor Borrowers’ programme from an association.
  • Recovery of circa USD $4.5 million through Receivership /Management for Ecobank Limited.
  • Representing an indigenous oil and gas servicing company in a winding up proceeding against a Nigerian company for the latter’s inability to pay its debt totalling the sum of circa USD$1.8 Million.
  • Recovery of circa USD $5.3 million through Receivership /Management for a mid-tier commercial Bank from debtors.
  • Recovery of circa USD $3.5 Million through vessel/cargo arrest, litigation and asset disposal on behalf of a bank against ‘MT Ellal’.
  • Receivership /Management appointment by a Bank over Optima Group and Bloomberg TV Africa to recover circa USD $ 3.7 million indebtedness.
  • Receivership/Management appointment by a Bank over a Mall in Abia State to recover circa USD $ 18.5 million.
  • Defended a Company in a hostile winding-up petition by one of its creditors and had the petition dismissed;
  • Defending a company in an ongoing hostile winding-up Petition by a Creditor;
  • Receivership/Management appointment over a Steel company in the recovery of circa USD $ 18 million;
  • Recovery of circa USD$ 8.5 Million for a gas company from a trade partner
  • Recovery of circa USD $3.5 Million for a Swiss Company from a trade partner based in Nigeria
  • Recovery of circa USD $ 8.7 million debt through a combination of litigation, an Administrative Hearing at the Securities and Exchange Commission (SEC) and negotiated settlements for a stockbroking Firm against a Bank over improper treatment of subscription and allotment of shares.
  • Recovery of circa USD $ 13.2 million through Receivership /Management for a mid-tier commercial Bank from debtors.
  • Ongoing Winding up proceedings to recover over USD $ 10.5 million for a bank.
  • Recovered trade debt of circa USD$ 3.2 million for an Engineering company through a winding-up petition of the creditors.
  • Successfully joined a Creditors Club on behalf of two creditors in the winding up proceedings for Afren with substantial claims at the Federal High Court.
  • Successfully joined a Creditor winding up petition in a suit to recover substantial debt owed to our clients by BELBOP Limited
  • Provided advisory services to AMCON on the acquisition of circa USD $200 million worth of eligible bank assets relating to NATCOM Development & Investment Limited and the most appropriate structure to adopt in the debt restructuring and business reorganisation of NATCOM Development & Investment Limited.
  • Rendered Legal opinion to foreign law Firms on Nigerian Insolvency Law and related matters.
  • Collaborating with some foreign Law Firms to assist with insolvency proceedings in Nigeria against some debtors based in Nigeria.
  • Advising a leading telecommunication service provider in connection with the acquisition of an indigenous information technology company.
  • Currently advising a major Nigerian oil and gas company on its intra-group corporate restructuring consisting of 15 different corporate entities operational in diverse sectors of the Nigerian economy.
  • Advised an investor on its acquisition of a significant interest in a quoted construction company in Nigeria which is a subsidiary of a major European infrastructure group.