Impact of the corporate governance and Insolvency Act on construction contracts
  • The Corporate Governance and Insolvency Act (CGIA) came into force on 26 June 2020, with the intention of providing businesses in financial difficulty with flexibility and breathing space and additional assistance (such as the protection of supplies) in order to maximise their chances of survival.
  • It contains a number of provisions which will impact on construction contracts and professional appointments, in particular on the rights of a supplier under a contract for the supply of goods and services (e.g.
Filed under:
United Kingdom, Construction, Insolvency & Restructuring, Addleshaw Goddard LLP, Corporate governance, Due diligence
Authors:
Jane Stubbs
Location:
United Kingdom
Firm:
Addleshaw Goddard LLP