Like similar regimes in other States, the Building and Construction Industry Security of Payment Act 2002 (VIC) (“Victorian SOPA”) was intended to reduce insolvency in the construction industry and enhance cash flow for...more
The construction sector in Australia has long been affected by insolvency and broader liquidity issues. In the last year, construction companies accounted for 26% of businesses that entered into insolvency, and insolvencies...more
Since late last year, there have been several major decisions from Australia's highest courts on important issues for stakeholders in the construction, mining and infrastructure industries. Below, we provide a summary. Some...more
6/15/2017
/ Appeals ,
Appellate Jurisdiction ,
Appellate Review ,
Assignments ,
Australia ,
Cause of Action Accrual ,
Conditions of Payment ,
Construction Contracts ,
Construction Defects ,
Construction Industry ,
Contract Terms ,
Error At Law ,
High Court of Australia ,
Infrastructure ,
Insolvency ,
International Construction Projects ,
Joint Venture ,
Leave to Appeal ,
Liquidation ,
Payment Terms