Module Ref: B7

Duration: 1 day
Maximum 15 delegates

Aims

To promote an understanding of insolvency law and to highlight the vulnerability of employers, contractors and subcontractors when insolvency occurs.

Coverage

• Effect of insolvency on contracts
• Security for performance
• Reviewable transactions
• Management of risk

Teaching Outcomes

At the end of the workshop, the delegates should appreciate:

• How, when and for what purpose a construction contract can be terminated in the event of the insolvency of the counter-party
• Whether contracts can be assigned or novated in the event of insolvency
• Whether contractual or other protection will be available in the event of the insolvency of a party to a construction contract
• How to structure projects/transactions so as to make them watertight in the event of insolvency
• The risks faced by management of a company on the brink of insolvency and how to minimise those risks

Register your interest in this course.