This article was first published on 11 December 2019 in Real Estate. Reconsidered. Our love affair with man-made plastics really began in the 19th century with a material derived from cellulose called Parkesine after its British inventor Alexander Parkes. Now there are around 45 unique types of plastics, each with dozens of variations. The key … Read more
This article was first published on 11 December 2019 in Real Estate. Reconsidered. In real estate development everything comes down to managing an (un)holy trinity of risks; namely cost, time, and quality. Take a building contract between a developer and a contractor: if the developer wants a high quality building delivered quickly, it will pay … Read more
Yesterday the HSF Real Estate team launched Real Estate. Reconsidered, a collection of our thoughts on some of the key issues that are impacting the real estate sector and our opinions on what the future may hold for the real estate market and its legal landscape. To read Real Estate. Reconsidered click here. Please contact us … Read more
The success of large-scale development projects depends greatly on the parties maintaining a good commercial relationship. Whilst claims and disputes are often inevitable in relation to construction works, early and amicable settlement can be instrumental in sustaining those relationships and ensuring the successful delivery of a project. So when should a party start to think … Read more
Readers of this blog may be interested to know that the Herbert Smith Freehills construction and infrastructure team has launched a new blog of its own – Construction Notes. Construction Notes will include articles and updates on the latest developments in the construction sector, from both a contentious and non-contentious perspective, from HSF’s industry experts … Read more
Given the complexity of issues and the amounts that are typically involved in construction disputes – particularly those arising from large-scale development projects – preparing early and properly for a potential construction dispute is an important process, but one which can be time-consuming and expensive. Preparing for a potential construction dispute where a formal dispute … Read more
Contractor claims are an inevitable part of construction projects. Disputes are not. In order to mitigate the risk of contractor claims evolving into disputes, it is vital that they are evaluated properly and in a timely manner. Failure to do so can lead to costly and protracted disputes, which not only impact the parties’ relationship, … Read more
The suspension or termination of construction contracts can have significant commercial implications for developers. No doubt, developers will already be aware that the right to suspend and, in particular, terminate, a construction contract should be used sparingly. But what are the potential pitfalls to be mindful of if it becomes necessary to suspend or terminate … Read more
To ensure that projects remain viable and achievable, the power to vary the terms of, or the scope of works under, construction contracts can be essential for developers, particularly in times of political and economic uncertainty. But what is the difference between variations to and variations under a construction contract? Although the two concepts are easily … Read more
