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Our lawyers contribute regularly to industry and legal journals in addition to writing legal briefings, newsletters and case reports for clients and contacts. All of our articles are free to read and download here.
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From Stadiums to Skylines: The Impact of the Construction Boom Driven by Saudi Arabia’s FIFA World Cup 2034
December 2024Introduction As Saudi Arabia prepares to host the FIFA World Cup 2034, the country is poised for a remarkable transformation, including the development and refurbishment of several state-of-the-art stadiums in five strategic host cities: Riyadh, Jeddah, Al Khobar, Abha, and NEOM. In addition to the construction of new and the refurbishment of existing stadiums, the World Cup is fuelling a… Read More >
Cash is King: Get ready to report on your retentions?
December 2024Summary New legislation will require large companies in the construction industry to report on certain payment practices and policies, specifically the proportion of retention sums withheld from suppliers. This is one of several measures to be introduced by the Government which aims to improve payment practices in the UK and increase transparency, benefiting the supply… Read More >
Cybersecurity and its growing role in the DIFC’s financial ecosystem: Implications for insurers
December 2024Cybersecurity is central to the Dubai Financial Services Authority’s (“DFSA”) mission to safeguard the financial ecosystem within the Dubai International Financial Centre (“DIFC”). In line with this commitment, the DFSA recently announced the publication of its 2024 Cyber Thematic Review (“CTR”), which provides an in-depth analysis of the cybersecurity maturity levels across authorised firms, authorised… Read More >
Regulatory update: Saudi reinsurers to have priority on reinsurance cessions
December 2024As part of the ongoing strategy to enhance the insurance sector in the Kingdom of Saudi Arabia (“KSA”), the Insurance Authority (“IA”) has recently issued new rules on reinsurance cessions. The IA, which is responsible for overseeing and regulating the country’s insurance sector, aims to enhance market stability and ensure compliance with its evolving regulatory… Read More >
Green security and shoots of investment? Africa’s Green Bond Market (Part 1)
December 2024In our latest Global Vantage update, we turn our attention to Africa’s Green Bond Market. In Part 1 we delve into green bonds and their use by nations in the region. In Part 2, we will consider the potential challenges to the wider acceptance and use of green bonds. What are green bonds? Green bonds… Read More >
New (Cladding) Remediation Acceleration Plan: prompt action and stronger powers!
December 2024On 2 December 2024, the Government announced its Remediation Acceleration Plan (RAP). Investigations following the Grenfell Tower fire highlighted the significant number of buildings requiring remediation across England. At first, the Ministry of Housing, Communities & Local Government estimated that remediation works would be completed by 2035, however the National Audit Office’s report (NAO report),… Read More >
Getting noticed: when can you give notice to terminate a “serial defaulter”?
December 2024The decision to terminate any contract in the construction industry can be a high-stake move, typically used as a last resort. The financial and reputational consequences of later being found to have unlawfully terminated a contract can be significant and, as is often the case in an industry that is squeezed with low profit margins,… Read More >
A ‘call to action’ concerning a new Code of Conduct and Practice for architects?
December 2024Introduction “Architects play a vital role in shaping the places where we live and work. The public, our communities and clients expect that architects will deliver buildings and spaces that are safe and sustainable, and carry out their work ethically and with integrity” say the Architects Registration Board (“ARB”)[1]. These aspects are covered in the… Read More >
URS Corporation Ltd v BDW Trading Ltd [Case ID: UKSC 2023/0110]
December 2024This week, the Supreme Court will consider key issues concerning liability and limitation in an ongoing dispute between URS Corporation Ltd and BDW Trading Ltd. The decision will interest contractors, consultants, and other stakeholders, including developers and insurers. Background BDW Trading Ltd (“BDW”), a property developer, appointed URS Corporation Ltd (“URS”) as structural engineering and… Read More >
The latest Grenfell debate: update on the House of Lord’s examination of the Phase 2 Report
December 2024Over seven years have passed since the Grenfell Tower fire. In September 2024, the Inquiry Panel issued its Phase 2 Report into the circumstances and causes of the tragedy. The Report indicated failures by the Government and the construction industry in the years preceding the fire and its immediate aftermath. The House of Lords recently… Read More >