Commencement of Singapore's Insolvency, Restructuring And Dissolution Act
UK & Europe
As a result of the global pandemic as well as claims which have been considered by the Court, 2020 was a year in which the relationship between insolvency and the construction industry developed.
The number of supply chain insolvencies is expected to continue to rise and so the availability of adjudication to insolvent parties has become all the more relevant. Companies are also limited in the action they can take against their debtors by new rules introduced by the Government in light of the pandemic.
In this podcast, Anthony Albertini and Chris Leadbetter from our Global Projects and Construction team and Tristan Cox from our Insolvency team consider how the construction industry has been affected by the cases of Bresco and John Doyle as well as the Corporate Insolvency and Governance Act 2020.
This podcast forms part of our Projects & Construction Year in Review 2020 commentary.