In times of economic uncertainty, when the prospect of insolvency is prevalent, contracting parties need, more than ever, to be aware of issues that could have an unanticipated effect on their position. The existence of Retention of Title (RoT) clauses in contracts, particularly in the construction context, and the effect of the relevant legislation, need to be considered carefully.
United Kingdom, Construction, Insolvency & Restructuring, Shepherd and Wedderburn LLP, General contractor, Independent contractor, Supply chain, Subcontractor, Economy, Good faith