This article was first published in Building Magazine, Issue 10, 10 March 2017.
Does an adjudication enforcement trump an insolvency moratorium? A recent case in the TCC has provided clear guidance on the issue.
United Kingdom, Construction, Insolvency & Restructuring, Litigation, Ashfords LLP, Insolvency Act 1986 (UK)
After much delay, the Third Parties (Rights Against Insurers) Act 2010 (the 2010 Act) came into force on 1 August 2016. The 2010 Act aims to assist parties wishing to claim against insolvent companies and individuals who supply professional services by allowing them to claim directly against their insurers.