Expert urges Nigeria to adopt UNCITRAL law to save shipping firms

Key Points • UCT lecturer urges Nigeria and other African countries to adopt the UNCITRAL Model Law on cross border insolvency.• Africa handles more than 90 per cent of its trade by sea but owns less than one per cent of the global fleet.• Experts call for maritime specific provisions to protect distressed shipping companies … Continue reading Expert urges Nigeria to adopt UNCITRAL law to save shipping firms