REUTERS | Sean Yong

In December 2008, at a “prompt payment summit”, the Business Secretary, Lord Mandelson, launched a new Code of Practice aimed at increasing the speed of payments to small companies (SMEs). This summit followed an earlier Government commitment to pay its suppliers within 10 days. Continue reading

REUTERS | Fabrizio Bensch

This particular old chestnut may not be roasting on an open fire with Jack Frost nipping on its nose (as the song goes), but it has been going for years.  It’s the perennial debate about the conflict between reasonable skill and care and fitness for purpose.  However, there is an interesting twist to the debate which is of concern when drafting contracts.

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REUTERS | Ronen Zvulun

Selling a construction company

Construction companies are complex businesses. Typically, a construction company will have entered into numerous contractual arrangements with a range of clients, sub-contractors and suppliers, as well as ancillary undertakings such as bonds, guarantees and collateral warranties. There will be a mix of ongoing and completed contracts, with potential liabilities extending for up to 12 years after completion.

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