Restructuring & Insolvency Update - Considerations in construction and development

Join us for the next in our regular series of seminars, where we'll be discussing the challenges and opportunities facing the real estate construction and development sector.

During this session, we will be discussing:

- Dealing with insolvent stakeholders in construction projects – How can you spot when a stakeholder enters an insolvency process? How can your losses be mitigated at that stage? Is there any way to get some of your money, tools, and/or materials back? We'll consider how to deal with an insolvent stakeholder and what you can do to minimise your losses at that stage
 
- Building Out in Administration and/or Receivership – looking at the common pitfalls when building out including warranties, insurance, and costs overruns

- Reviewing the implications of insolvency – don’t forget the contract! Considering the main consequences of a contractor becoming insolvent during the construction of a project, including during the defects period

- Looking at the type of issues which will need to be reviewed and tested when it is alleged that the insolvent party is owed or owes others money, including timescales on which these become payable

- We will also highlight any changes in the JCT 2024 suite of documentation which have an impact on this, as well as how issues such as the Building Safety Act and new Building Regulations may give rise to a greater insolvency risk if projects are not progressing quickly enough.