Monthly Archives: January 2009

Jason Lee
REUTERS | Jason Lee

Collateral damage

New builds for sale?

I think that it is inevitable that a number of relatively new buildings will have to be disposed of by the present or intended occupants. Those buildings will end up in the hands of a bunch of new people ranging from purchasers or occupiers (who have acquired them at a knock-down price) to insolvency practitioners, on behalf of insolvent companies (who would probably rather not have them at all but can’t sell them).

Defects

In some of those cases the recipients may be less than delighted with the build quality and may well end up dusting off any available collateral warranties. Continue reading

Maxim Shemetov
REUTERS | Maxim Shemetov

The LDEDC Bill 2008 is part way through the four days allocated for debate in Grand Committee. By Thursday morning (29 January) we should be one step closer to knowing what amendments may be made to the Construction Act 1996. Some of the changes currently suggested are entirely inappropriate for the industry. Continue reading

Brian Snyder
REUTERS | Brian Snyder

In his Building column in November 2007, Tony Bingham wrote about the House of Lords decision in the Fiona Trust case. You’ll remember it: it’s the one where the House of Lords decided that the words “disputes arising under a contract” in an arbitration agreement are wide enough to include disputes “in connection with” the contract.

Continue reading

Ina Fassbender
REUTERS | Ina Fassbender

UK law currently requires most companies to pay VAT within 30 days of the end of the VAT quarter. The Financial Times recently reported a proposal to extend the payment period for smaller companies, suggesting that it could rise to 90 days. The proposal is intended to improve cash flow for small companies, who are finding it especially hard to get bank finance. Continue reading