Going for broke
Cunliffe, Alex
Going for broke - 2008 - Property Week 73(1) 4 January 2008, 50-51(2) .
Considers the legal situation developers may be faced with in the event of their construction contractors becoming insolvent. Their rights will be affected by the type of insolvency procedure: administration, receivership or liquidation. Examines the immediate steps which can be taken, how to continue the project and financial recourse in such situations. Also describes preventative measures which can be put in place, including financial checks, security through bond or trust, structured payments and the structure of the contract.
United Kingdom--
Going for broke - 2008 - Property Week 73(1) 4 January 2008, 50-51(2) .
Considers the legal situation developers may be faced with in the event of their construction contractors becoming insolvent. Their rights will be affected by the type of insolvency procedure: administration, receivership or liquidation. Examines the immediate steps which can be taken, how to continue the project and financial recourse in such situations. Also describes preventative measures which can be put in place, including financial checks, security through bond or trust, structured payments and the structure of the contract.
United Kingdom--