LAW OF SECURED CREDIT TRANSACTIONS II

1. Understand corporate borrowing powers and limitations
2. Explain the nature and types of debentures
3. Differentiate between fixed and floating charges
4. Analyze corporate insolvency mechanisms
5. Apply legal principles to secured credit transactions
6. Evaluate the role of insolvency practitioners

13 weeks, about 66 hours in total. Yours will differ.

1. Week 1Module 1: Principles of Corporate Debt Finance

   • Unit 1: Corporate Borrowing Powers · 3 hours

     Explore the dynamics of corporate power with respect to borrowing.. Understand the statutory provisions governing corporate borrowing powers.. Analyze case studies related to corporate borrowing..

   • Unit 2: Implications and Consequences of Corporate Debt · 3 hours

     Examine the collateral effects of corporate debt on company operations.. Discuss the consequences of corporate borrowing, including corporate governance and security interests.. Analyze the implications of corporate debt, such as insolvency and business rescue..

2. Week 2Module 1: Principles of Corporate Debt Finance

   • Unit 3: Key Terms in Corporate Debt · 3 hours

     Define and explain conditions, representations, and warranties in corporate debt transactions.. Discuss affirmative and negative covenants in loan agreements.. Understand repayment terms, interest calculations, and events of default..

   • Unit 4: Capital Maintenance Regime · 3 hours

     Discuss capital maintenance rules and their significance.. Explain the concept of legal capital and its preservation.. Analyze the control test in capital maintenance..

3. Week 3Module 2: The Debenture

   • Unit 1: The Nature of Debenture · 3 hours

     Define and discuss the nature of debentures.. Explain the nature of interest created by debentures.. Identify the statements contained in an instrument of debenture..

   • Unit 2: Debenture Trust Deed · 3 hours

     Explain the basis of constituting a trust for debenture holders.. Identify the three certainties of a trust.. Discuss the contents of a debenture trust deed..

4. Week 4Module 2: The Debenture

   • Unit 3: The Debenture Trustee · 3 hours

     Explain the qualifications of a debenture trustee.. Discuss the duties, powers, and liabilities of a debenture trustee.. Identify situations where a trustee can be excused from liability..

   • Unit 4: Rights and Remedies of Debenture Holders/Trustees · 3 hours

     Identify the statutory rights of debenture holders as creditors.. Explain the extent of protection afforded to creditors by these rights.. State the remedies available to debenture holders..

5. Week 5Module 3: Secured Credit under CAMA 2020

   • Unit 1: Charge as a security interest · 3 hours

     Define charge as a form of security interest.. Explain the nature of charge.. State the different types of charges..

   • Unit 2: Types of Charge – Fixed charge · 3 hours

     Explain fixed charge.. Discuss the categorization of fixed charge: as-created fixed charge and contingent specific charge..

6. Week 6Module 3: Secured Credit under CAMA 2020

   • Unit 3: Types of Charge – Floating charge · 4 hours

     Gain an in-depth understanding of floating charge.. Know the conditions leading to crystallization of floating charge.. Distinguish between fixed charge and floating charge..

7. Week 7Module 3: Secured Credit under CAMA 2020

   • Unit 4: Distinction Between Fixed Charge and Floating Charge · 4 hours

     Know the tests for determining the differences between a fixed charge and a floating charge.. Explain the tests and apply them in a practical context..

8. Week 8Module 3: Secured Credit under CAMA 2020

   • Unit 5: Interests Capable of Creation under CAMA 2020 · 4 hours

     Know the various species of interests which a company can create for purposes of securing the payment of money it borrowed for its business..

9. Week 9Module 4: Corporate Insolvency

   • Unit 1: Introduction to Corporate Insolvency · 4 hours

     Give a brief history of insolvency.. State the theories that underpin insolvency regime.. Explain the different types of insolvency.. Apply the approaches to insolvency in practical situations..

10. Week 10Module 4: Corporate Insolvency

    • Unit 2: Company Voluntary Arrangement · 4 hours

      Know the meaning and application of company voluntary arrangement as an insolvency process aimed at rescuing the company and restoring its going concern situation..

11. Week 11Module 4: Corporate Insolvency

    • Unit 3: Administration · 4 hours

      Explain the concept of company administration as a hybrid insolvency process.. Gain a brief history of company administration.. Discuss the objectives or purposes of company administration.. Discuss the process of placing a company in administration..

12. Week 12Module 4: Corporate Insolvency

    • Unit 7: US Chapter 11 Procedure · 4 hours

      Gain an insight into the US insolvency approach and thus be able to distinguish between the Nigerian and US approaches..

13. Week 13Module 4: Corporate Insolvency

    • Unit 8: The Insolvency Practitioner · 4 hours

      State who is an insolvency practitioner.. Apply and get accredited as insolvency practitioner..

    • Unit 4: Receivership · 4 hours

      Understand the concept of receivership.. Explain the nature of receivership as an insolvency approach..