News Item

Posted: 26th February
By: rlf

What are the pitfalls to avoid when acquiring a distressed construction project?

The perfect storm

There is an expectancy within the community of insolvency practitioners that we will see a significant rise in distressed projects in the market later this year. Building on this picture, Barclays have very recently reported that they have made a provision of £4.8 billion for loan defaults due to the pandemic and other major lenders are expected to follow suit in the coming weeks. Distressed pro...

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News Item

Posted: 11th February
By: rlf

The ugly reality of the Building Safety Fund

 

With all the recent headlines on how high-rise tenants are being hit by large bills for the replacement of unsafe cladding, it is good news that the government is reconsidering its position on what should be covered in the Building Safety Fund, albeit rather late in the day.

The question rightly being asked is how on earth have we found ourselves in this position, three and a half years after Grenfell?
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