Not Letting Go: Employer's Rights on Contractor Insolvency
30 March 2011
The insolvency of any party to a construction contract can be disastrous for the project. It can cause significant additional costs, together with delays to completion, and deprive parties of remedies in respect of defects in the works.
This note focuses on the effect of the contractors insolvency and the rights available, principally to the employer, but also to other parties when such an event occurs.
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