10 years after the publication of Revision 6 (2014 edition) of the Model Form of Contract for the design, supply and installation of electrical, electronic and mechanical plant (MF/1), the Institution of Engineering and Technology (IET) has released Revision 7 (2024 edition), shortly followed by an erratum containing a summary of corrections.
Regular users of the MF/1 may be comforted to know that the risk profile of the contract has not changed though the door has been opened to extending the duration of liability for latent defects, as discussed below.
United Kingdom, Company & Commercial, Construction, Employment & Labor, Insolvency & Restructuring, Charles Russell Speechlys, Modern slavery, Force majeure, Bribery Act 2010 (UK), Modern Slavery Act 2015 (UK), Companies Act 2006 (UK), Corporate Insolvency and Governance Act 2020
R (on the application of Palmer) (Appellant) v Northern Derbyshire Magistrates’ Court and another (Respondents) [2023] UKSC 38
On appeal from: [2021] EWHC 3013
United Kingdom, Insolvency & Restructuring, Litigation, Charles Russell Speechlys, Insolvency Service (UK), Companies Act 2006 (UK), UK Supreme Court