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COVID-19: LEGAL & REGULATORY CHANGES
CORPORATE INSOLVENCY AND GOVERNANCE ACT 2020 IN FORCE
United Kingdom, Capital Markets, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Addleshaw Goddard LLP, Corporate governance, Private equity, Cryptocurrency, Coronavirus, European Securities and Markets Authority
In Ziggurat (Claremont Place) LLP v HCC International Insurance Company plc [2017] EWHC 3286 (TCC) the court considered a claim under an amended ABI Model Form Guarantee Bond.
As a result of a bespoke clause the Contractor's insolvency was enough to trigger recovery under the Bond, but if a breach of contract was required, the Contractor was in breach of the contract by failing to pay the amount due to the Employer following insolvency.
United Kingdom, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, High Court of Justice (England & Wales)