Construction Insolvency

Detailed and complex provisions govern all construction and development projects making them vulnerable to business failure by any one party in the contractual chain. When insolvency strikes, the legal implications are far-reaching requiring a full understanding of both contract law and insolvency practice. This book explains the complexities of construction insolvency in a practical way. It clarifies the options available, the nature of procedures and the rights and duties of all concerned. The author also reviews the crucial causes and warning signs of insolvency and looks at other jurisdictions that may provide better protection schemes for contractors than currently exist in the UK. Practitioners in the insolvency field succeed by applying a degree of creativity. Lawyers dealing with construction insolvency will be valued for how creatively they can apply their knowledge. "Construction Insolvency" summarizes existing knowledge on the subject while making suggestions as to how it could be used innovatively.