Geoff Brewer of Brewer Consulting considers the ownership of plant following receivership
Series: Contract Journal ; 411(6356) 5 December 2001, 21(1)Publication details: 2001Subject(s): Summary: Discusses the case "Smith (Administrator of Cosslett Ltd (contractors)) v Bridgend County Borough Council" which raised the issue of whether the ICE Conditions give effective transfer of title in constructional plant following the insolvency of the contractor. Considers the implication that the standard wording of the ICE Contracts does not transfer title to the employer but instead creates a 'floating charge' which will be ineffective unless registered under the Companies Act.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64982 (Browse shelf(Opens below)) | 1 | Available | 116498-1001 |
Discusses the case "Smith (Administrator of Cosslett Ltd (contractors)) v Bridgend County Borough Council" which raised the issue of whether the ICE Conditions give effective transfer of title in constructional plant following the insolvency of the contractor. Considers the implication that the standard wording of the ICE Contracts does not transfer title to the employer but instead creates a 'floating charge' which will be ineffective unless registered under the Companies Act.