NSW government response to the Collins Inquiry: the future of the construction trust
On 18 April 2013, the NSW government released its response to the Collins Inquiry into insolvency in the NSW construction industry. The government has adopted a number of the inquiry’s recommendations including: the development of a trust scheme for cash retention money, strengthening the security of payments scheme and a trial implementation of construction trusts on government projects before a possible wider application.
In response to the increase of construction company insolvencies which left subcontractors more than $1 billion out of pocket, the NSW Government commissioned Mr Bruce Collins QC to conduct an inquiry into the construction industry and make recommendations on ways in which the rights of subcontractors and suppliers could be better protected…
If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out