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.
We have a consistently high record for resolving multifaceted disputes of significant value in a fast, efficient and reputation-preserving manner. That is why new and existing clients regularly rely on us for urgent support during the most testing and turbulent of times.
How do we do it? Highly practical, partner led engagement at an early stage of a case until its conclusion. With real estate as one of the firm’s main service offerings, we have privileged access to information and trends impacting the market. We also invest our time in building a strong understanding of the asset and opposing parties involved in our clients’ disputes. These approaches seamlessly translate into commercially astute, strategic advice, which gives us a tactical edge over our competitors.
As an international law firm, we are experienced in acting for a truly global client base and we have an excellent track record litigating in Courts and tribunals across several jurisdictions. However, we are equally proficient in regularising disputes via other alternative resolution channels, such as mediation and focussed negotiations that get to the heart of the parties’ disagreement.
Our clients range from SMEs through to the largest multinational organisations. They include banks and financial institutions, developers, investors and funds, landlords, tenants, guarantors, agents, lenders, energy companies and hotel owners/operators. We are entrusted by these clients to deliver high-quality, practical and assertive advice in relation to the full range of contentious real estate services, often in circumstances where other law firms have failed to deliver or have indicated that a higher calibre of representation is warranted due to complexities in the case.
This brief update covers ISG’s collapse and formal entry into administration on 20 September 2024.
Further to our recent case updates, we look at another recent decision involving Providence Building Services Ltd and Hexagon Housing Association Ltd.
In an article for Law360, we explore who may be liable for any necessary remediation costs, finding that while several actors could, in theory, be held responsible, viable legal claims may be challenging.