Risk Ready: Business Restructuring – Key issues impacting building and construction sector
from Smarter Lawcast with Hall & Wilcox Hosted by Hall & Wilcox
Partners Mark Petrucco and Stefan Fenk discuss the stresses the building construction industry has experienced over the past 12-18 months, and impacts on head contractors, subcontractors, project owners and developers. With cost pressures increasing insolvency risks, they discuss voluntary administration, ipso facto provisions, how to mitigate risks of engaging parties that may become insolvent down the track, and what pockets of the market have been more robust against insolvency risks.
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