In the aftermath of the Credit Crunch, many property companies were able to negotiate a debt discount as part of a re-finance either with their existing lender or their 'new' lender following a loan book sale and, indeed, many of these negotiations are still taking place.
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Latest articles from John Meehan
The most commonly used standard form build contracts entitle Employers to make "appropriate deductions" from the Contract Sum where a Contractor is instructed not to remedy defects identified in the rectification period. However what is "appropriate" by way of deduction is often disputed by the parties. Assistance has now been provided by the courts
Many construction contracts seek to place obligations on parties which are absolute – the party must perform. If a party fails to carry out such obligations, in the absence of any agreed justification, a breach of contract and liabilities for damages will occur.
These Regulations place an obligation on the Secretary of State, after consultation with the Scottish Ministers, the Welsh Ministers and the Northern Ireland departments, to:
With the rise of online shopping, high streets are under more pressure than ever, as consumers opt to shop from home or through “click and collect”. As a result, the UK’s high streets are struggling to attract fresh business and many high street units are lying vacant.