HM Insights

Life, business and the law

The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.

Latest Real estate & construction articles

  • The meaning of Practical Completion – some definition by the courts

    The meaning of Practical Completion – some definition by the courts

    If the trigger for the sale or lease of a newly constructed development is its 'practical completion', just how complete does it actually have to be? A decision of the Technology and Construction Court, recently upheld by the English Court of Appeal, provides some helpful definition of a key but generally undefined term used in construction contracts.

  • What happens when building projects go wrong?

    What happens when building projects go wrong?

    Building projects always start out with the parties' best of intentions to keep to budget and programme; however, as anyone who has seen an episode of Grand Designs will know, it seems almost inevitable that no matter how meticulously planned a project may be matters will arise which will impact upon the costs and time allocated for the works.

  • Key commercial considerations when dealing with a distressed company in a public sector contract

    Key commercial considerations when dealing with a distressed company in a public sector contract

    It is not uncommon for businesses that public sector entities are in contract with to face financial difficulties during the life of the contractual arrangements. Should that body provide financial assistance and/or some other type of relief to the distressed counterparty or let fate take its course? Here we look at some key commercial considerations to be taken into account.

  • Project Bank Accounts in construction contracts: to implement or not?

    Project Bank Accounts in construction contracts: to implement or not?

    There has been much commentary and debate in the construction industry recently regarding introduction of project bank accounts (PBAs) which the Scottish Government hopes will help with payment issues for sub-contractors as well assist public bodies in meeting their obligations under procurement legislation. Here we look at what they mean in practice.