In the difficult market conditions which have accompanied the COVID-19 pandemic, the financial health of many industries has been adversely affected.
The construction industry is no exception and the insolvency of a party to a construction contract would lead to a number of challenges from both the contractor and the employer’s perspectives.
In this article, we discuss some key considerations and potential steps that could be taken by the employer and contractor where an insolvency event (e.g. liquidation, administration, etc.) occurs.
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Authored by Nabeel Ikram and Jodie Reindorf.
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