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Search Results: Page 11
Graphene – leading the ‘clean’ materials revolution?
May 2023The use of experimental materials in construction is becoming increasingly popular as developers, consultants and contractors look for new ways to increase sustainability and efficiency in the construction process. Given the ever growing pressure for industry stakeholders to help the UK meet environmental targets and policies, as well as the significant inflation risks the market… Read More >
Irish Government approves establishment of defects scheme for Celtic Tiger-era apartments
January 2023On 18 January 2023, the Irish Minister for Housing, Local Government and Heritage received approval to draft legislation supporting the remediation of apartments with fire safety, structural safety and water ingress defects constructed between 1991 and 2013. The legislation is intended to provide a statutory basis for the establishment of a remediation scheme aimed at… Read More >
Former executives ordered to pay £80 billion in damages over Fukushima nuclear disaster: an example of what could come for those at the frontline of managing risk
July 2022Last week, a Tokyo District Court ordered four former executives of Tokyo Electric Power Company to pay the company ¥13.32 trillion (£80 billion) in damages for failing to prevent a triple meltdown at the Fukushima Daiichi nuclear power plant in 2011, which was one of the worst nuclear disasters in history. Background In 2012, the former… Read More >
ARB PII update
June 2022A week ago was the fifth anniversary of the Grenfell Tower tragedy, a reminder for all in the construction industry of how important safety is to the design and build of a development. There has been significant reform in legislation to better govern building safety. Along with these changes, professional indemnity insurers are also reassessing… Read More >
Broker Remuneration – FCA intervention looking likely after government review of post-Grenfell property insurance sector
June 2022In January 2022, Michael Gove, Secretary of State for Levelling Up, Housing and Communities, called on the Financial Conduct Authority (FCA) to assess the causes of the “crippling costs” of year-on-year price increases for insurance premiums and the marked restriction in coverage available for medium- and high-rise properties, after the Grenfell fire. Practical recommendations for… Read More >
Professional Indemnity Cover – What Next for RICS Members?
March 2022In recent years it has been increasingly difficult for professionals to obtain professional indemnity insurance (PII) cover. With less Insurers writing PII, those professionals who can secure terms have had to pay significantly higher premiums for substantially reduced cover. This has led to a rise in the number of surveyors seeking cover in the RICS… Read More >
IMPORTANT CHANGES TO PROFESSIONAL INDEMNITY INSURANCE – APPROVED INSPECTORS
November 2021As you will be aware, the professional indemnity insurance market has hardened in recent years and this trend looks set to continue. Challenges include significantly reduced capacity, increased premiums and restrictions in cover across the market. Following these recent trends, the Ministry of Housing, Communities and Local Government (the “MHCLG”) pursuant to 47(6) of the… Read More >
Cladding Claim avoids strike out
November 2021CASE REPORT: Crest Nicholson Operations Ltd & Anor v Grafik Architects Ltd & Anor [2021] EWHC 2948 (TCC) A recent unsuccessful application for strike out has shed light on the Court’s attitude towards the threshold for strike out in terms of lack of particularisation of a claim. The judgment made specific reference to this threshold… Read More >
Autumn Budget 2021: What does it mean for cladding remediation?
November 2021As we reported previously in our article here, the UK Government will be introducing a Residential Property Developer Tax in 2022. This tax will be used to partly fund the Government’s £5.1bn Building Safety Fund for cladding remediation costs borne by leaseholders in high-rise buildings over 18 metres. In the Autumn Budget 2021 announcement, Chancellor… Read More >
Construction Products Post-Brexit and Grenfell: Are you UKCA (and GSR) ready?
October 2021Introduction Since the Grenfell Tower tragedy, the regulation of construction products has attracted unprecedented levels of scrutiny and the Government has come under pressure to raise safety requirements. The use of controversial Aluminium composite material (ACM) cladding on the tower was a major contributor to the disaster. It had nonetheless been a lawful material at… Read More >