Construction analysis: What issues may arise if a construction project doesn’t live up to expectations? Hamish Lal, partner and head of the contentious and non-contentious construction law department at Jones Day in London, considers what practical guidance lawyers can give their clients.
To continue reading this news article, as well as thousands of others like it, sign in with ÀÏ˾»úÎçÒ¹¸£Àû or register for a free trial
EXISTING USER? SIGN IN CONTINUE READING GET A QUOTE
To read the full news article, register for a free Lexis+ trial
**Trials are provided to all ÀÏ˾»úÎçÒ¹¸£Àû content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these ÀÏ˾»úÎçÒ¹¸£Àû services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
* denotes a required field
Lender protection on construction projects—introductory guideWhen providing finance for any development or construction project, the lender (or funder) and its advisers will use various methods to protect the lender’s position. The aim of these protections is to ensure, at the very least, that the
Letter to developer client at the start of development projectTo: [insert client name and address]Date: [insert date]Dear [contact name][Project name/Address]Thank you for instructing us in relation to [description of project and address].So that we have as much information as possible at the outset
Role of the project monitorWhen a bank or other finance provider decides to provide funding for a construction or development project, it will often appoint a project monitor (or monitoring surveyor) to monitor the project on its behalf. The employees of the lender are unlikely to have either the
Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
0330 161 1234