Introduction
In our article on the Companies and Allied
Matters Act (CAMA) 2020 (the Act ), we had highlighted
some of the key developments introduced by the Act. A significant
development was the introduction of a Limited Liability Partnership
(LLP) as an entity that can be set up in all states in Nigeria. At
the time the Act was signed into law, the procedure to be adopted
by the Corporate Affairs Commission (CAC) for the implementation of
the changes introduced by the Act (including the LLP) was yet to be
provided.
The Nigerian Ministry of Industry, Trade and Investment has now
published the Companies Regulation 2021 (the