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Resolving disputes under the new JCT 2024: a closer look at termination for insolvency

This is the second in a series of articles on how the changes introduced by the 2024 JCT (Joint Contracts Tribunal) contracts will impact the practical administration of the JCT contractual mechanisms.

In this article, we look specifically at the insolvency related provisions in the 2024 Design and Build (D&B) contract and the 2024 Intermediate Building Contract with Contractor’s design (ICD) contract. We address the updates to the definition of insolvency, the impact of those changes for Employers and Contractors and the related knock-on impact to sub-contracts.

United Kingdom, Insolvency & Restructuring, Litigation, Burges Salmon LLP, Insolvency, Companies Act 2006 (UK), Corporate Insolvency and Governance Act 2020
Horton v Henry: the impact on a trustee in bankruptcy’s power to exercise options on behalf of the bankrupt

Preamble

The background

United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Burges Salmon LLP, Bankruptcy
The Budget 2014 - the impact of the new flexibilities on the pensions of bankrupts

Introduction

The Chancellor’s 2014 Budget speech revealed significant  changes to the way in which pension scheme members will be  able to access their savings. This move falls as just one of a raft  of changes to workplace pensions which Steve Webb MP has  described as a “pensions revolution”.

United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Burges Salmon LLP, Bankruptcy, Debtor, Initial public offerings, Insolvency Act 1986 (UK)