Managing Contractor Insolvency: Part 2 – legal, commercial and other practical considerations for mitigating the impact of contractor insolvency

This is part 2 of our 3-part blog series. In part 1, we discussed the key signs and implications of contractor insolvency, as well as the further consequences of insolvency involving a joint venture contractor. In this part 2, we discuss the legal, commercial and other practical considerations for mitigating the impact of contractor insolvency.  … Read more

CASE DIGEST: Court rejected narrow interpretation of guarantee issued by parent company which sought to limit extent of guarantor’s on demand liability to those claims where liability was admitted and only quantum was disputed

In Rubicon Vantage International PTE Ltd v Krisenergy Ltd [2019] EWHC 2012 (Comm), the court determined that the fact that a parent company, and not a financial institution, issued the guarantee was no reason to limit the terms of the guarantee.  The wording of the guarantee was the key consideration when determining the scope of … Read more

The rule on penalties in Makdessi applied to EPC contracts

The decision in (1) GPP Big Field LLP and (2) GPP Langstone LLP v Solar EPC Solutions SL (formerly known as Prosolia Siglio XXI) [2018] EWHC 2866 (Comm) has applied the Supreme Court’s recast penalties test from Makdessi1. The decision is one of the few construction cases that have applied Makdessi in determining whether liquidated … Read more