King & Wood Mallesons

Asia-Pacific 100 position: 3

Free Issue KWM Construction Practice — February 2013

Each month in Free Issue, KWM’s construction team will bring you news on current issues affecting major projects, discussion on construction laws and principles relevant to your projects from concept to completion and highlights of new case law or legislation relevant to you and your business.

In this month’s edition, the topic in focus is contractor insolvency and its impact on the timely completion of projects. We discuss potential warning signs that a contractor is going insolvent and provide some recommendations on how to deal with an administrator if you are notified that your contractor is insolvent. Importantly, we discuss the powers of administrators and the way in which these powers affect retention of title clauses.

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Overview

Level 61, Governor Phillip Tower
1 Farrer Place
Sydney
NSW 2000
Australia
http://www.kwm.com

Jurisdiction: PRC/Australia
No. of offices: 20
No. of qualified lawyers: 1,252