Collapse of ISG and Contractor Insolvency – another stark warning to the construction industry
This brief update covers ISG’s collapse and formal entry into administration on 20 September 2024.
Our construction experts tailor-make solutions that mitigate risk and help deliver successful energy, transport, real estate and infrastructure projects globally.
Economic development and rising living standards are driving investment in infrastructure around the world. Our international team provides a complete legal service, non-contentious and contentious, across the lifecycle of construction projects, from initial development and key commercial considerations through to contract management and dispute resolution.
We advise on projects in the Americas, Africa, Europe and Asia across Energy, Infrastructure, Transport and Real Estate. By combining the commercial expertise we have acquired over years of working in these industries with technical excellence, we minimise risk and maximise business outcomes for our client.
Because we act for lenders, consultants, sponsors, contractors, developers, governments and local authorities, we have a 360-degree view of the needs and concerns of all parties involved in construction contracts, and this informs our balanced approach to drafting, negotiating, advising and advocating for and on behalf of our clients.
In addition to working with standard form construction contracts such as FIDIC, JCT and NEC3, we regularly create bespoke arrangements to ensure the successful delivery of the commercial aspirations of our clients. Utilising the complementary experience of colleagues in areas such as environment, health and safety and finance also ensures that our advice addresses all relevant considerations for construction projects.
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Contract termination for repeated late payments – Providence Building Services v Hexagon Housing Association
Further to our recent case updates, we look at another recent decision involving Providence Building Services Ltd and Hexagon Housing Association Ltd.
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Commercial Disputes Weekly – Issue 214
In this edition of Commercial Disputes Weekly, we look at two maritime judgments upholding letters of indemnity and ‘pay to be paid’ clauses, enforcement of an adjudication decision and a positive ending to the long-running Takhar claim.
