An engineering, procurement and construction (EPC) contract is an all-inclusive contract framework, which requires the contractor to complete an agreed scope of work by an agreed completion date, in return for an agreed lump-sum contract price.
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Case review 22/01/2020
English courts not the appropriate forum to determine whether Russian proceedings brought in breach of London arbitration agreement
The English High Court has recently found in favour of defendant insurers in declining to grant anti-suit injunctions and declaratory relief on the basis that the English courts were not the appropriate forum to determine whether a claim commenced before the Russian courts should be referred to London seated arbitration under ICC Rules.
With the pace of change in the global insurance market showing no signs of slowing in 2020, we have underlined the London Market’s need to reassert its ability to adapt and manage the constant evolution of global risk. Releasing our annual London Market forecast for the year ahead, we have made predictions across 11 areas impacting the London Market, namely: aviation, casualty coverage, construction, cyber, energy, financial lines, marine, product liability and life sciences, professions, political risks and property damage.
The pace of change in the global insurance market has not slowed down in the last 12 months, nor are there any indications of it doing so over the course of the coming year.
This update includes a round-up of recent court decisions raising issues relating to payment provisions, enforceability of ADR clauses, the meaning of “construction contract”, approved inspector duties, contract amendments, and adjudication and insolvency.
China’s Belt and Road Initiative (the BRI) promises an economic and commercial development strategy that is unmatched by any other global trade programme. Cooperation between China and the Emirates is of great importance to the success of the BRI.
Case review 06/11/2019
The Court of Appeal has confirmed that approved inspectors do not owe a duty under section 1 of the Defective Premises Act 1972 (the Act) in the exercise of their building control functions.
Directive (EU) 2018/2001 on the promotion of the use of energy from renewable resources. The Directive is arguably the most ambitious initiative of the European Union (EU) in an attempt to promote the production and use of energy from renewable resources, and reduce greenhouse gas emissions.
Case review 25/10/2019
Bennett (Construction) Limited v CIMC MBS Limited (Formerly Verbus Systems Limited) [30.08.19]. This Court of Appeal (CoA) case provides helpful guidance on how to imply payment terms under the Scheme for Construction Contracts (the Scheme).
Whilst the construction industry has arguably been slower to adopt new technology compared with some other sectors, technological advancements have always driven construction forward.