CONTROL VS. CHALLENGE: WHO SPEAKS FOR A COMPANY IN RECEIVERSHIP? THE NIGERIAN SUPREME COURT RECALIBRATES THE LIMITS OF RECEIVER AUTHORITY IN NECONDE ENERGY LIMITED V. FBNQUEST MERCHANT BANK LIMITED & ORS.

CONTROL VS. CHALLENGE: WHO SPEAKS FOR A COMPANY IN RECEIVERSHIP? THE NIGERIAN SUPREME COURT RECALIBRATES THE LIMITS OF RECEIVER AUTHORITY IN NECONDE ENERGY LIMITED V. FBNQUEST MERCHANT BANK LIMITED & ORS.

When a company enters receivership, a familiar assumption often follows: control has shifted, the receiver is in charge of the named asset(s), and the directors must step aside. But what happens when the very basis of that control is itself under challenge? What...