|Speaker||St John Frawley, Partner, Thomson Geer|
|Date||21 Apr 2020|
Substantive Law: 1.0
Building & Construction Law – Dealing with COVID-19
The building and construction industry continues to work in all sectors through the COVID-19 crisis, including to maintain and expand the nation's important infrastructure needs.
However, there is much uncertainty surrounding the impact of the COVD-19 pandemic upon both proposed new projects as well as upon parties undertaking existing projects as industry participants seek to come to grips with the issues informing approaches to contractual risk allocation and the application of existing contractual provisions to significantly altered operational and market conditions.
During this session a leading practitioner will discuss some of the major practical and legal/contractual implications for industry participants and advisors including:
- Extensions of time and delay costs - does COVID-19 change anything?
- Suspension – rights to suspend and forced suspension
- Force Majeure and the principle of 'frustration'
- Insolvency – Ipso Facto regime and new Corporations Law provisions
- Termination – rights to terminate
- Dispute resolution – considerations in light of current constraints on courts and tribunals
- Specific COVID-19 drafting in new contracts – is it needed and what is it?
- Insurance coverage – implications.
Presented by: St John Frawley, Partner, Thomson Geer
What is included: