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 of Appeal finds contractual provisions requiring payment on sign-off were compliant with Construction Act and provides guidance on how non-compliant payment provisions will be replaced by Part II of the Scheme

In Bennett (Construction) Limited v CIMC MBS Limited (formerly Verbus Systems Ltd) [2019] EWCA Civ 1515, the Court of Appeal held that contractual payment terms, which included provisions requiring payment “on sign-off”, were in accordance with the Housing Grants, Construction and Regeneration Act 1996 (the “Construction Act“). This case also provides notable guidance on how … Read more