Adjudication has become a key tool in the construction industry, helping employers and contractors resolve disputes quickly and keep cash flowing on projects. But when insolvency enters the picture, things can get tricky —...more
2/14/2025
/ Construction Contracts ,
Construction Industry ,
Construction Litigation ,
Contract Disputes ,
Dispute Resolution ,
Hong Kong ,
Insolvency ,
Jurisdiction ,
Security of Payment Act ,
Singapore ,
Stays ,
UK
The second and third reading of the Construction Industry Security of Payment Bill concluded at the Legislative Council on 18 December 2024....more
Construction is a $1.7 trillion industry worldwide, contributing between 5 and 7 percent of GDP in most countries. However, it is also an industry that is highly vulnerable to corruption due to its inherent characteristics....more
7/18/2024
/ Bribery ,
Civil Liability ,
Construction Contracts ,
Construction Industry ,
Construction Project ,
Contract Terms ,
Corruption ,
Criminal Liability ,
Financial Crimes ,
Fraud ,
Hong Kong ,
Saudi Arabia ,
Serious Fraud Office (SFO) ,
Singapore ,
Surveys ,
UK ,
UK Bribery Act ,
United Arab Emirates (UAE) ,
White Collar Crimes
The long-anticipated Construction Industry Security of Payment Bill (“Bill”) was gazetted on 17 May 2024 and was introduced into LegCo for its first reading on 29 May 2024. The Bill aims to establish a legislative framework...more
The Hong Kong Edition of the New Engineering Contract (“NEC”) was published in July 2023 in a joint undertaking with the Development Bureau (“DEVB”) of the HKSAR Government (“Government”). ...more
With the Hong Kong Development Bureau’s (DevB) contractual security of payment regime coming into effect from 31 December 2021 (the SOP regime), we now examine some important challenges which facing the Hong Kong construction...more