Posted: 26th February
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...READ MORE