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Keep up to date with all that’s happening here at BPE, and read about the latest trends and issues in the law profession.

Construction & Engineering

Insolvency and payment obligations in construction contracts

Carillion’s entry in to liquidation is likely to have ramifications for all the actors in the construction industry for some time to come. The most immediate impact will concern payments. The aim of the Housing Grants, Construction and Regeneration Act 1996 (amended by the Local Democracy Economic Development and Construction Act 2009 - generically, ‘the Act’) is to ensure that cash keeps moving in the construction industry, but what happens when a main contractor becomes insolvent?

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