Legal developments in the global construction and infrastructure sector 2020
COVID-19 - as a result of COVID-19, we have seen an acceleration of innovative practices across the construction sector. In most jurisdictions, Governments have supported the continuation of construction works, but the impacts of the pandemic on the workforce, supply chain and project pipeline will continue to be felt for many years to come. Ensuring you have the right legal structures in place to safeguard cash flow and support your employees will be critical as we move into the new world post-pandemic.
Climate change - Business leaders are increasingly aware of the need to make their businesses better able to deal with future shocks created by climate change. With many public bodies declaring 'climate emergencies' across the globe, the construction industry is responding through reductions in the huge contribution to CO2 emissions and energy use made by the built environment. Businesses also rightly perceive opportunities offered by incorporating carbon reduction and environmental improvement into their corporate strategies, as more and more governments move towards carbon neutrality commitments in the next 10-20 years. This presents both significant risk and significant reward for the sector. Now is the time for businesses to take action on both, identifying practical ways to translate high level intentions into action.
Digital transformation - Companies across the construction industry are investing in innovative technological, data driven solutions to achieve increased efficiencies and improve resilience. Embracing digital solutions will be vital in order to remain competitive and increase productivity. From a legal perspective, advancements in this area bring new challenges around data protection, cyber security, contract design, liability and regulation. Pre-emptive action to prepare for and mitigate these risks will minimise financial and reputational impact.
Please click on the links below to browse our 2020 commentary for your region.
Whilst the past year has been testing to say the least, market commentators across the construction industry are forecasting a strong rebound for the sector, buoyed by public and private investments in infrastructure worldwide. Download our 2021 predictions report below which looks at these forecasts and what we might expect from the year ahead.
Watch a panel of senior construction experts from across Europe, Asia Pacific, Americas, Middle East and Africa discussing the impact of COVID-19 on the global construction and infrastructure sector.Watch the webinar
John is the Global Head of Clyde & Co’s Projects and Construction Group and is heavily involved in the firm's Africa Strategy Group. He also served as a member of the firm's Global Management Board for four terms. He has been with the firm for twenty five years and a partner since 1999.