Overview
Nigeria’s trusted advisors for financial distress and complex restructurings, delivering clarity, stability, and results when it matters most.
Aluko & Oyebode’s Restructuring & Insolvency practice is a top choice in Nigeria for high‑stakes workouts, liability‑management transactions, schemes, receiverships and contentious insolvency. We blend deep Nigerian law expertise with boardroom‑tested commercial judgment to preserve and unlock value across cycles. Through our alliance with ALN, and longstanding relationships with leading international law firms, we deliver integrated, cross‑border solutions across Africa and globally. Our multidisciplinary bench spans finance, disputes, M&A, capital markets, tax and regulatory, ensuring seamless execution from strategy through enforcement. As of February 2026, our team continues to lead on Nigeria’s most consequential restructurings across energy, financial services, telecoms, consumer and infrastructure.
Services
Financial restructurings and liability management
We design and implement holistic balance‑sheet solutions, including refinancings, extensions, amendments, exchange offers and consent solicitations, optimizing pricing, tenor and covenants to stabilize liquidity and protect enterprise value.
Schemes of arrangement and corporate reorganizations
We structure and deliver court‑sanctioned schemes, carve‑outs, mergers, demergers and holding‑company restructurings, aligning stakeholders and securing Nigerian regulatory and judicial approvals with precision.
Distressed M&A and special situations
We execute acquisitions and divestments of distressed assets and businesses, advise on credit bids and 363‑style sales, and manage diligence, valuation, regulatory clearances and litigation risk.
Creditors’ rights, enforcement and recoveries
We represent banks, funds and trade creditors on enforcement strategies, security realization, intercreditor issues, set‑off, netting and priority disputes, maximizing recoveries across collateral classes.
Insolvency proceedings, receiverships and liquidations
We advise debtors, creditors, insolvency practitioners and boards on windings‑up, receivership appointments, administration‑style processes and ancillary court applications under CAMA 2020.
Cross‑border and multi‑jurisdictional coordination
We coordinate recognition strategies, parallel proceedings and cross‑border enforcement, leveraging our ALN alliance and trusted international firm relationships for seamless, multi‑country execution.
Director, officer and shareholder advisory
We counsel boards, sponsors and shareholders on duties, wrongful trading risk, capital impairment, related‑party considerations and governance through stress and insolvency.
Debtor‑in‑possession and rescue financing
We structure priority funding, priming liens, intercreditor resets and security enhancement to stabilize operations and catalyze turnarounds.
Contentious insolvency and restructuring disputes
We prosecute and defend high‑value claims, including antecedent transactions, misfeasance, set‑aside actions, creditor challenges, recognition and stay applications.
Derivatives, netting and close‑out in insolvency
We advise on ISDA documentation, Nigerian netting enforceability, margining, close‑out and safe‑harbor mechanics in distressed contexts.
Selected Experience
Advised Guaranty Trust Bank on restructuring
Advised Guaranty Trust Bank on restructuring into a financial holding company via a court‑sanctioned scheme of arrangement, including all Nigerian regulatory approvals.
Acted for Oando on the restructuring
Acted for Oando on the restructuring of its debt portfolio, including diligence on group liabilities and security re‑engineering across the borrower group.
Advised on the restructuring of US$1.97 billion
Advised on the restructuring of US$1.97 billion oil and gas acquisition facilities, aligning multi‑lender interests and optimizing covenant and security packages.
Advised Standard Advisory London Ltd
Advised Standard Advisory London Ltd on the US$600 million restructuring of an oil and gas acquisition facility with Nigerian law security and enforcement.
Sole legal adviser to The Nigerian Stock Exchange
Sole legal adviser to The Nigerian Stock Exchange on its demutualization and group reorganization implemented by a court‑sanctioned scheme of arrangement.
Client Quotes
Awards and Accolades
The firm is consistently recognized as a market leader, earning Nigeria Law Firm of the Year at the Chambers Africa Awards 2023, maintaining Band 1 rankings in Chambers Global 2025, securing top-tier placement in Legal 500 EMEA 2025, and achieving strong IFLR1000 Sub-Saharan Africa 2025 rankings.
IFLR1000 Sub-Saharan Africa 2025 rankings
20 lawyers ranked with 88 individual listings across practices, underscoring market‑leading bench strength.
Lexology Index (Who’s Who Legal) 2025
Thought Leadership
