Legal Problems Of Secured Transactions In Nigeria

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Legal Problems of Secured Transactions in Nigeria

Author : Emmanuel O. Nwabuzor
Publisher : National Library of Canada = Bibliothèque nationale du Canada
Page : 268 pages
File Size : 44,9 Mb
Release : 1993
Category : Commercial law
ISBN : WISC:89081982175

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Legal Problems of Secured Transactions in Nigeria by Emmanuel O. Nwabuzor Pdf

Towards Reforming the Legal Framework for Secured Transactions in Nigeria

Author : Chima Williams Iheme
Publisher : Springer
Page : 291 pages
File Size : 47,6 Mb
Release : 2016-08-16
Category : Law
ISBN : 9783319418360

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Towards Reforming the Legal Framework for Secured Transactions in Nigeria by Chima Williams Iheme Pdf

This book offers a valuable guide to one of the most challenging areas of commercial law, now frequently referred to as secured transactions, with a focus on Nigerian, Canadian and United States perspectives. A debtor’s ability to provide collateral influences not only the cost of the money borrowed, but also in many cases, whether secured lenders are willing to offer credit at all. The book proposes that increasing access to, and indeed, lowering the cost of credit could tremendously boost economic development, while at the same time arguing that this would best be achieved if the legal framework for secured transactions in Nigeria, and of course, any other country with similar experiences, were designed to allow the use of personal property and fixtures to secure credit. Similarly, the creation, priority, perfection, and enforcement of security interests in personal property should be simplified and supported by a framework that ensures that neither the interests of secured lenders nor debtors are hampered, so as to guarantee the continuous availability of affordable credit as well as debtors’ willingness to borrow and do business. The book further argues that in addition to the obvious preference for real property over personal property by secured lenders due to the unreformed secured-transactions legal framework in Nigeria, its compartmentalized nature has also resulted in unpredictability in commerce and the concomitant effects of poor access to credit. Through the comparative research conducted in this book utilizing the UCC Article 9 and Ontario PPSA as benchmarks, the author provides reformers with a repository of tested secured-transactions law solutions, which law reformers in the Commonwealth countries in Africa and beyond, as well as the business community will find valuable in dealing with issues that stem from secured transactions.

Personal property law in Nigeria

Author : Mike A.A. Ozekhome
Publisher : Pretoria University Law Press
Page : 256 pages
File Size : 41,7 Mb
Release : 2019
Category : Law
ISBN : 9781920538972

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Personal property law in Nigeria by Mike A.A. Ozekhome Pdf

This book addresses core issues of personal property law in Nigeria from a comparative perspective. It offers a detailed account of the laws governing personal property and the different lightweight reforms undertaken mainly through case law before the enactment of the Secured Transactions in Movable Assets Act in 2017. The book draws insights from the United States UCC article 9, being unarguably the first law that introduced the concept of modern secured transactions law, and was influential to many common and civilian law systems in reforming their personal property laws. Given that personal property law is fairly new in Nigeria, and also in Africa in general, the main aim of the book is to provide judges and academic researchers with a rich collection of tested solutions from jurisdictions that have experimented with modern secured transactions law for several decades. The primary and secondary works that were referenced in the book have tracked the different epochal shifts in legal thinking and their significances. This may assist scholars and judges in Nigeria to come up with bespoke interpretations of the Act and solutions to underlying problems on credit and security, that will satisfy the local conditions as opposed to copying the unaltered solutions from the United States and other advanced systems.

Secured Transactions Law Reform in Africa

Author : Marek Dubovec,Louise Gullifer
Publisher : Bloomsbury Publishing
Page : 586 pages
File Size : 54,6 Mb
Release : 2019-10-31
Category : Law
ISBN : 9781509913091

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Secured Transactions Law Reform in Africa by Marek Dubovec,Louise Gullifer Pdf

Over the last few decades, many countries have reformed their secured transactions law. One of the main reasons has been the clear link between reform and the availability of credit, and the drive to improve access to finance, particularly for micro, small and medium-sized enterprises. This book focuses particularly on developing economies in Africa, which have legal frameworks influenced by English, French, Belgian, Roman-Dutch and other laws. Reform in this area of law across African countries has taken a number of forms, which are explored and discussed in this book. Secured Transactions Law Reform in Africa is a mixture of a critical description of the pre-reform law and practice, and the reform process itself. It also includes a comparative analysis of the legal provisions and an examination of the early results of the reforms. The book sets out a road map for the future of secured transactions reform; primarily in Africa, but also in other countries that have undertaken or are contemplating similar reforms. This book is the second in a series of books about Secured Transactions Law in countries around the world, and its reform, both on a national and an international scale. The first book, Secured Transactions Law Reform: Principles, Policies and Practice, was published in 2016.

Micro Business Entities and the Reform of Personal Property Security Law in Nigeria

Author : Gregory Esangbedo
Publisher : Cambridge Scholars Publishing
Page : 190 pages
File Size : 41,8 Mb
Release : 2023-10-27
Category : Law
ISBN : 9781527552876

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Micro Business Entities and the Reform of Personal Property Security Law in Nigeria by Gregory Esangbedo Pdf

This book examines an enactment that reforms Nigeria’s personal property security law by adopting the unitary system of secured transactions in replacement of the common law system. With the unitary system widely acclaimed for enhancing access to credit for small business entities, the book highlights the drawbacks of the enactment in the attainment of this objective. Being the foremost Nigerian book on the unitary system, it is a significant text for all stakeholders in the credit system within and outside Nigeria, including law academics, practitioners, students and financial regulators. It will interest those in countries that are intent on undergoing similar reform as it provides guidance on the unique features of the unitary system in contrast with those of the common law. In the spirit of reform, the book compares the Nigerian enactment to other similar enactments to highlight potential lessons in areas in which the Nigerian enactment appears to have lost traction.This book examines an enactment that reforms Nigeria’s personal property security law by adopting the unitary system of secured transactions in replacement of the common law system. With the unitary system widely acclaimed for enhancing access to credit for small business entities, the book highlights the drawbacks of the enactment in the attainment of this objective. Being the foremost Nigerian book on the unitary system, it is a significant text for all stakeholders in the credit system within and outside Nigeria, including law academics, practitioners, students and financial regulators. It will interest those in countries that are intent on undergoing similar reform as it provides guidance on the unique features of the unitary system in contrast with those of the common law. In the spirit of reform, the book compares the Nigerian enactment to other similar enactments to highlight potential lessons in areas in which the Nigerian enactment appears to have lost traction.

Secured Transactions Law in Asia

Author : Louise Gullifer,Dora Neo
Publisher : Bloomsbury Publishing
Page : 651 pages
File Size : 41,7 Mb
Release : 2021-03-25
Category : Law
ISBN : 9781509926510

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Secured Transactions Law in Asia by Louise Gullifer,Dora Neo Pdf

This collection of essays offers a unique insight and overview of the secured transactions law in many of the most important countries in Asia, as well as reflections on the need for, benefits of and challenges for reform in this area of the law. The book provides a mixture of general reflections on the history, successes and challenges of secured transaction law reform, and critical discussion of the law in a number of Asian countries. In some of the countries, the law has already been reformed, or reform is under way, and here the reforms are considered critically, with recommendations for future work. In other countries, the law is not yet reformed, and the existing law is analysed so as to determine what reform is desirable, and whether it is likely to take place. First, this book will enable those engaging with the law in Asia to understand better the contours of the law in both civil and common law jurisdictions. Second, it provides analytical insights into why secured transactions law reform happens or does not happen, the different methods by which reform takes place, the benefits of reform and the difficulties that need to be overcome for successful reform. Third, it discusses the need for reform where none has yet taken place and critically assesses the reforms which have already been enacted or are being considered. In addition to providing a forum for discussion in relation to the countries in question, this book is also a timely contribution to the wider debate on secured transactions law reform which is taking place around the world.

African (Igbo) Scholarship: A bibliography of doctoral dissertations and some masters degree theses at American, Canadian, Australian, and European universities, 1945-1999

Author : Uju Nkwocha Afulezi,Ijeoma Ogwogo Afulezi
Publisher : University Press of America
Page : 342 pages
File Size : 50,6 Mb
Release : 2000
Category : Reference
ISBN : 0761818510

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African (Igbo) Scholarship: A bibliography of doctoral dissertations and some masters degree theses at American, Canadian, Australian, and European universities, 1945-1999 by Uju Nkwocha Afulezi,Ijeoma Ogwogo Afulezi Pdf

A Bibliography of Doctoral Dissertations and Some Masters Degree Theses at American, Canadian, Australian, and European Universities, 1945-1999 - Volume I.

United Nations Commission on International Trade Law (UNCITRAL) Yearbook 2018

Author : Office of Legal Affairs
Publisher : United Nations
Page : 1408 pages
File Size : 53,7 Mb
Release : 2021-12-20
Category : Political Science
ISBN : 9789210011228

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United Nations Commission on International Trade Law (UNCITRAL) Yearbook 2018 by Office of Legal Affairs Pdf

The UNCITRAL Yearbook is a compilation of all substantive documents related to the work of the Commission and its Working Groups. It also reproduces the annual Report of the Commission which is published as Supplement No. 17 of the Official Records of the General Assembly. UNCITRAL is the core legal body of the United Nations system in the field of international trade law. It specializes in the modernization and harmonization of rules on international business.

Secured Transactions Law Reform

Author : Louise Gullifer,Orkun Akseli
Publisher : Bloomsbury Publishing
Page : 600 pages
File Size : 42,8 Mb
Release : 2016-10-20
Category : Law
ISBN : 9781509903115

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Secured Transactions Law Reform by Louise Gullifer,Orkun Akseli Pdf

Secured transactions law has been subjected to a close scrutiny over the last two decades. One of the main reasons for this is the importance of availability of credit and the consequent need to reform collateral laws in order to improve access to finance. The ability to give security effectively influences not only the cost of credit but also, in some cases, whether credit will be available at all. This requires rules that are transparent and readily accessible to non-lawyers as well as rules that recognise the needs of small and medium-sized enterprises. This book critically engages with the challenges posed by inefficient secured credit laws. It offers a comparative analysis of the reasons and the needs for a secured transactions law reform, as well as discussion of the steps taken in many common law, civil law and mixed law jurisdictions. The book, written under the auspices of the Secured Transactions Law Reform Project, informs the debate about reform and advances novel arguments written by world renowned experts that will build upon the existing literature, and as such will be of interest to academics, legal practitioners and the judiciary involved in secured transactions law around the world. The text considers reform initiatives that have taken place up to the end of April 2016. It has not been possible to incorporate events since then into the discussion. However, notable developments include the banks decree passed by the Italian Government on 29th June 2016, and the adoption of the Model Law on Secured Transactions by UNCITRAL on 1st July 2016.

Secured Credit Under English and American Law

Author : Gerard McCormack
Publisher : Cambridge University Press
Page : 446 pages
File Size : 50,9 Mb
Release : 2004-06-14
Category : Business & Economics
ISBN : 0521826705

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Secured Credit Under English and American Law by Gerard McCormack Pdf

McCormack examines English law on Secured Credit, highlighting its weaknesses, and evaluating possible remedies. Contains the text of Article 9.

Research Handbook on Secured Financing in Commercial Transactions

Author : Frederique Dahan
Publisher : Edward Elgar Publishing
Page : 544 pages
File Size : 47,9 Mb
Release : 2015-06-29
Category : Law
ISBN : 9781781001844

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Research Handbook on Secured Financing in Commercial Transactions by Frederique Dahan Pdf

This cutting-edge Handbook presents an overview of research and thinking in the field of secured financing, examining international standards and best practices of secured transactions law reform and its economic impact. Expert contributors explore the

International Secured Transactions Law

Author : Orkun Akseli
Publisher : Routledge
Page : 380 pages
File Size : 48,5 Mb
Release : 2011-03-17
Category : Business & Economics
ISBN : 9781136830556

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International Secured Transactions Law by Orkun Akseli Pdf

This book focuses on international harmonisation and the law of secured transactions by distilling and analysing the unifying principles of various significant international conventions and instruments such as the UN Convention on the Assignment of Receivables, the Unidroit Convention on International Factoring, the EBRD Model Law on Secured Transactions, the Unidroit Convention on the International Interests in Mobile Equipment and the UNCITRAL Legislative Guide on Secured Transactions. International secured transactions conventions and instruments facilitate credit and promote economic activity through the creation of harmonised rules. Therefore, given the increasing globalisation of markets, international reform efforts for the harmonised modernisation of secured transactions law have gained pace over recent years. International Secured Transactions Law draws on experiences in both English and US laws in order to identify and illustrate the existing problems that need to be addressed, as well as identify potential solutions. International Secured Transactions Law will be of interest to scholars, students interested in international commercial law, corporate law or comparative secured transactions, and practitioners involved in international commercial transactions.

UNCITRAL Model Law on Secured Transactions

Author : United Nations Commission on International Trade Law
Publisher : United Nations
Page : 90 pages
File Size : 41,5 Mb
Release : 2017-02-16
Category : Political Science
ISBN : 9789210602334

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UNCITRAL Model Law on Secured Transactions by United Nations Commission on International Trade Law Pdf

The UNCITRAL Model Law on Secured Transactions (the "Model Law") deals with security interests in all types of tangible and intangible movable property, such as goods, receivables, bank accounts, negotiable instruments, negotiable documents, non-intermediated securities and intellectual property with few exceptions, such as intermediated securities. The Model Law follows a unitary approach using one concept for all types of security interest, a functional approach under which the Model Law applies to all types of transaction that fulfil security purposes, such as a secured loan, retention-of-title sale or financial lease, and a comprehensive approach under which the Model Law applies to all types of asset, secured obligation, borrower and lender.

Private International Law in Nigeria

Author : Chukwuma Okoli,Richard Oppong
Publisher : Bloomsbury Publishing
Page : 532 pages
File Size : 49,8 Mb
Release : 2020-06-11
Category : Law
ISBN : 9781509911141

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Private International Law in Nigeria by Chukwuma Okoli,Richard Oppong Pdf

This book examines the rules, principles, and doctrines in Nigerian law for resolving cases involving cross-border issues. It is the first book-length treatise devoted to the full spectrum of private international law issues in Nigeria. As a result of increased international business transactions, trade, and investment with Nigeria, such cross-border issues are more prevalent than ever. The book provides an overview of the relevant body of Nigerian law, with comparative perspectives from other legal systems. Drawing on over five hundred Nigerian cases, relevant statutes, and academic commentaries, this book examines jurisdiction in interstate and international disputes, choice of law, the enforcement of foreign judgments and international arbitral awards, domestic remedies affecting foreign proceedings, and international judicial assistance in the service of legal processes and taking of evidence. Academics, researchers, and students, as well as judges, arbitrators, practitioners, and legislators alike will find Private International Law in Nigeria an instructive and practical guide.

Law and Creditor Protection in Nigeria

Author : Onamson, Friday Okafor
Publisher : Malthouse Press
Page : 392 pages
File Size : 53,9 Mb
Release : 2017-08-08
Category : Law
ISBN : 9789789584475

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Law and Creditor Protection in Nigeria by Onamson, Friday Okafor Pdf

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.