Coming Ready or Not? Security of Payment Provisions in Hong Kong Public Works
Wednesday, June 9, 2021
15.00 - 16.00
After 20 years of considering security of payment in the construction industry and implementation by way of legislation, the Hong Kong Government has unexpectedly proposed the introduction of a contractual regime into new public works contracts after July/August 2021.
Our Construction experts Jon Howes, Sean Hardy and Chris Short take a look at the latest provisions, drawing on experience of adjudication and security of payment legislation in Singapore and other jurisdictions to better understand the contractual mechanisms proposed including:
- the scope of contracts covered;
- payment rights and obligations; with a particular focus on:
- enforcement of adjudicated decisions; and
- suspension of works for non-payment.