- August 19, 2019
Insolvency proceedings, guarantees and contractual pre-conditions
If you are considering commencing insolvency proceedings against another party, do ensure that they actually owe you a debt before you do so. This point is so obvious that it barely needs stating. However, Martin v McLaren Construction Ltd serves as an example of how things can go badly wrong if it is not double-checked.
- July 4, 2018
Losing out on loss of bargain when terminating in reliance upon contractual rights
In the wake of the Carillion insolvency, many sub-contractors are likely to be investigating their rights to terminate their contracts with a now defunct main contractor. Looking for a clean break, they may be tempted by the explicit termination rights that standard form building contracts often contain, and that may be deployed in the event … Continue reading Losing out on loss of bargain when terminating in reliance upon contractual rights →