Dr. Kubi Udofia

Ph. D – University of Nottingham
CIRM – Institute of Risk Management, London
LL.M – University College London, University of London
B.L. – Nigerian Law School, Lagos Campus
Dispute Resolution
Corporate Restructuring and Insolvency
Corporate Governance, Compliance and Risk Management
Corporate and Commercial

Dr Udofia is a seasoned dispute resolution and transactional lawyer. He has an extensive commercial and corporate law practice and regularly provides a wide range of contentious and non-contentious legal services in relation to company law, banking and financial services, insolvency, capital market, energy and natural resources.

Dr Udofia is a leading and an acknowledged expert in corporate insolvency and restructuring law in Nigeria. As a scholar practitioner, he previously taught insolvency and company law at The University of Nottingham and was a visiting scholar at the Institute of Advanced Legal Studies, London.

Dr Udofia is the convenor of Insolvency Discourse, a roundtable focused on the development of corporate rescue and insolvency law and practice in Nigeria. 

Dr Udofia is a regular contributor to some leading dailies in Nigeria including Thisday, The Guardian and Businessday.

His column “Insolvency Discourse” in The Lawyer, a pull-out in Thisday Newspaper (in Nigeria), is widely acknowledged as the leading corporate insolvency newspaper column in Nigeria. Dr Udofia has been invited to feature his research works on some of the world’s leading corporate law blogs including Harvard Law School Bankruptcy Round-table and Oxford Business Law Blog. 

  • Nigerian Bar Association (NBA)
  • Capital Market Solicitors Association (CMSA)
  • Business Recovery and Insolvency Association of Nigeria (BRIPAN)
  • International. International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL)
  • INSOL Academic Forum
  • Institute of Risk Management, London
  • Advised Quits Hospitality Ltd on two Hotel Management Agreements with Hilton Worldwide valued at over US$300m.
  • Advised an international Confectionary Company on a multi-million dollar restructuring and squeeze-out of minorities from its Nigerian subsidiary.
  • Advised a US-based subsidiary of Koch Group on derivatives-related transactions in Nigeria.
  • Advised and represented Suntrust Oil Limited on the recovery of a US$54 million debt from an Irish-based oil company with assets in Nigeria.
  • Represented the defunct Diamond Bank Plc on its N500 million debt recovery suit against Dajcom Ltd.
  • Advised a LADOL FZE on a multi-million dollar service agreement with a leading multi-national oil and gas Firm.
  • Part of the team which advised CEC Africa Investment Limited on its shareholder dispute with Xerxes Global Investment Limited in relation to the Abuja Distribution Company Ltd.
  • Advised LADOL FZE on a multi-million dollar service contract with a leading indigenous oil and gas Firm.
  • Advised Union Bank Plc on the restructuring of its balance sheet via capital reduction.
  • Advised Avanti Satellite Communications Services Nigeria Limited on a debt restructuring transaction involving its American-based Parent Company and other subsidiaries valued at approximately US$685m.
  • Advised a Nigerian-based oil and gas logistics Firm on the restructuring of its N6 billion debt to a leading Nigerian-based commercial Bank.
  • Part of the team which represented Lekoil Ltd in a dispute regarding the transfer of oil and gas assets
  • Represented Heritage Oil and Gas Ltd in several disputes relating to its shareholders’ Agreement.
  • Part of the team which represented Neconde Energy Ltd at arbitral proceedings at the London Court of International Arbitration against a major multi-national oil and gas Company.
  • The Impact of Compulsory Winding up Order on Employment Contracts, April 8, 2021, A collection of Essays in Honour of Hon. Justice Olabode Rhodes-Vivour, JSC, CFR.
  • Analysis of the Potential Impact of Administration on Secured Creditors in CAMA 2020, March 2021, Thisday Lawyer
  • Analysis of Insolvency-Related Revisions to BOFIA 2020 (Part 3), February 3, 2021, Thisday Lawyer
  • Analysis of Insolvency-Related Revisions to the BOFIA 2020 (Part 2), January 26, 2021, Thisday Lawyer
  • Analysis of Insolvency-Related Revisions to BOFIA 2020 (Part 1), January 19, 2021, Thisday Lawyer
  • An Overview of Company Voluntary Arrangements in CAMA 2020, October 6, 2020, Thisday Lawyer
  • Revisions to Insolvent Liquidation Framework by CAMA 2020: The Refinements and the Flaws, September 8, 2020, Thisday Lawyer
  • A Critical Appraisal of the Global Standing Instruction, August 25, 2020, Thisday Lawyer
  • The Impact of a Compulsory Winding up Order on Employment Contracts, August 4, 2020, Thisday Lawyer
  • Covid-19 Crisis: Averting the Looming Insolvencies in Nigeria’s Aviation Sector, June 2, 2020, Thisday Lawyer
  • COVID-19 Pandemic: Implications For Loan Agreements In Nigeria, May 12, 2020, Thisday Lawyer
  • COVID-19 Pandemic and Insolvency Risk: An Assessment of Nigeria’s Response (2), April 23, 2020, Businessday
  • COVID-19 Pandemic and Insolvency Risk: An Assessment of Nigeria’s Response (1), April 9, 2020, Businessday
  • Winding up Insolvent Foreign Companies in Nigeria, March 24, 2020, Thisday Lawyer
  • The Honourable Justice Chinwe Iyizoba JCA: Footprints on the Sands of Insolvency Law and Debt Recovery, February 25, 2020, Thisday Lawyer
  • Corporate Governance Code for Religious Organisations, February, 2019, Contemporary Issues of Law and Society: Legal Essays in Tribute of the Hon. Justice Chinwe E. Iyizoba, JCA.
  • Debt Assignments and Notice to Debtors, December 24, 2019, Thisday Lawyer
  • The new Credit Risk Protection Clause for Nigerian Commercial Banks: Efficacy and Limitations, November 26, 2019, Thisday Lawyer
  • AMCON (Amendment No. 2) Act 2019 and Its Weighty Flaws (2), October 22, 2019, Thisday Lawyer
  • AMCON (Amendment No. 2) Act 2019 and Its Weighty Flaws (1), October 5, 2019, Thisday Lawyer
  • The Efficacy of Insolvency-related Termination Clauses in Commercial Agreements (2), July 2, 2019, Thisday Lawyer
  • The Efficacy of Insolvency-related Termination Clauses in Commercial Agreements (1), June 25, 2019, Thisday Lawyer
  • Exploring a Liquidator’s Power to Disclaim Arbitration Agreements, May 2019, Thisday Lawyer
  • Treatment of Employees in Corporate Insolvencies: An International Human Rights Law Perspective, April 2019, Thisday Lawyer
  • Establishing Corporate Insolvency: The Balance Sheet Insolvency Test, March 12, 2019, Thisday Lawyer
  • Applications in Winding-up Proceedings: Settled and Unsettled Issues, December 18, 2018, Thisday Lawyer
  • An Appraisal Of The CBN’s Approach To Resolution Of Skye Bank Plc, November 6, 2018, Thisday Lawyer
  • Nigeria Airways, Nigeria Air and an analysis of Phoenix Syndrome, September 25, 2018, Thisday Lawyer
  • RRSAT Global Communication Ltd v DAAR Communications Plc: Foreign Jurisdiction Clauses and Winding-up Petitions in Nigeria, July 24, 2018, Thisday Lawyer
  • Can a foreign Arbitral Award be used as a basis for Winding-up Proceedings?, June 26, 2018, Thisday Lawyer
  • Insolvency and Equipment Leases, June 7, 2018, Thisday Lawyer
  • Treatment of Insolvency in Corporate Groups: The Single Economic Entity and The Separate Legal Entity Arguments, May 8, 2018, Thisday Lawyer
  • Directors’ Personal Liability for Company Debts, May 1, 2018, Thisday Lawyer
  • Intercontinental Hotel Group’s Exit: Analysis of a Receiver/Manager’s discretion to Repudiate Pre-receivership Contracts, February 21, 2018, Thisday Lawyer
  • An analysis of the Judicial Approach in Nigeria to Disputed debts in Winding-up Proceedings, January 16, 2018, Thisday Lawyer
  • An Appraisal of The Framework for Treatment of Insolvent Capital Market Operators Under the Investments and Securities Act, 2007, December 22, 2017; Capital Market Solicitors Association Quarterly Newsletter (Issue No. 3)
  • A Critical Analysis of Credit information sharing under Nigeria’s Credit Reporting Act, 2017, October 3, 2017, Thisday Lawyer
  • Construction Contracts – Dealing with a contractor’s insolvency – A Nigerian law perspective, June 1, 2017, Financier Worldwide, May 30, 2017; Thisday Lawyer
  • Fraudulent Trading Rule: Asset Recovery Mechanism in Winding up proceedings, December 6, 2016, Thisday Lawyer
  • Investors Protection Fund and the Fraudulent Preference risk, November 2016, Capital Market Solicitors Association Quarterly Newsletter (issue 2); April 20, 2017, Businessday; April 18, 2017, Thisday
  • The Role of a Director of a distressed or insolvent company, September 27, 2016: A Paper presented at the 2016 international conference of Business Recovery and Insolvency Practitioners Association of Nigeria
  • Duties and liabilities of Directors in the Vicinity of Insolvency: Forewarned is forearmed, September 6, 2016, Thisday Lawyer; September 22, 2016, Businessday, December 20, 2016, The Guardian
  • Quasi-Security Transactions: Sidestepping the adverse effects of Formal Insolvency Processes, July 19, 2016, Thisday Lawyer
  • Insolvency and Arbitration: Like Oil and Water?, February 23, 2016, ThisDay Lawyer; November 2016, Financier Worldwide; November 8, 2016, The Guardian Newspaper
  • Debt Recovery Briefs: Mind the Gap, January 12, 2016, ThisDay Lawyer