Mainland China Increases Proportion of Construction Progress Payments for Government Related Projects

04 October, 2022
In June 2022, the Ministry of Finance (“MOF”) and the Ministry of Housing and Urban-Rural Development (“MOHURD”) jointly released the “Circular on Improving the Methods for the Settlement of Construction Price”, which became effective on 1 August 2022. Mainland China has long regulated the proportion of the contract price in government projects, which must be … Read more

Getting paid: A new bill to streamline construction disputes in Thailand

29 July, 2022
Construction disputes between contractors and employers in Thailand can take years to be resolved in court or arbitration. This can result in construction work being delayed and sometimes abandoned, and contractors facing financial difficulties. In response, Thailand is considering the introduction of a draft bill titled “Act on the Settlement of Disputes regarding Payment in … Read more