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Construct Newsletter - August 2016

Issue 84

Welcome

to our August edition of Prettys' Construct.

This month we look at:

If there are any topics you would like to see featured in a future edition of our newsletter, please do not hesitate to contact us.

Rebecca Palmer

Contents

JCT releases its 2016 edition of Sub-Contract suite

The Joint Contracts Tribunal has released its Short Form Sub-Contract suite, 2016 Edition which is said to include simple and straight forward contracts. Each standard document includes the JCT’s own guidance. Key updates from the previous 2011 edition include: a number of changes to the ... Read more

Benefits of a project bank account

Project Bank Accounts have made another appearance in recent legal updates and so we though a brief summary of the same might prove useful for our readership too! Project Bank Accounts (PBAs) are ring-fenced bank accounts which act as a channel for which payments ... Read more

Comment from a Contact - Andy Sinclair ACII, PIB Limited

Insuring the risks of Development & Construction Projects Identification and management of legal and commercial risk is an integral part of the role of each of the members of our team at Prettys; it’s part of the fabric of what we do and informs ... Read more

Should a termination clause be invoked in good faith?

The Commercial Court has found in the case of Monde Petroleum SA v Westernzagros Ltd [2016] EWHC 1472 (Comm) that the implied term of good faith in relation to a termination clause was unnecessary and inconsistent with the express termination provisions of the ... Read more

Upcoming Developers Club - October 2016

Following on from the success of our March Developers’ Club where we had a record number of registered attendees, the next Developers’ Club events will take place on Thursday, 6 October 2016 in Ipswich and Thursday, 13 October 2016 in Chelmsford. Our guest speakers ... Read more

Rebecca Palmer

Senior Associate

e rpalmer@prettys.co.uk

t 01473 298274

 

 

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