Insights

Dispute resolution clauses…. more important than you may think.

Did you know that a homeowner may now be entitled to claim for actual damages incurred as a result of a builder’s delay in excess of a nominal liquidated damages amount specified in the residential building contract.

With the construction boom underway across NSW it is more crucial than ever that parties to construction contracts are familiar with their rights and obligations in responding to Payment Claims under the Building and Construction Industry (Security of Payment) Act 1999.

During this economic climate, it is prudent for directors to be on the lookout for indicators of insolvency.

This article covers the recent economic measures the government announced in providing relief for financially distressed individuals and businesses affected by COVID-19.

The Government’s economic response aims to implement measures to prevent otherwise profitable and viable businesses from facing financial distress during the next 6 months.