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In the latest in the series of blog posts covering the introduction of reforms to the UK corporate governance regime, Peter Collins considers the latest policy paper released by Companies House. Companies House has released a policy paper detailing a transition plan for upcoming changes to UK company law. This represents a welcome update to…

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Performance bonds and parent company guarantees (“PCG”) are a means of protection for an employer against non-performance by a contractor in carrying out works under a building contract. There are various ways in which an employer to a building contract can secure the performance of the appointed contractor. In this article, we consider performance bonds…

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Various different NEC payment mechanisms are used across the construction industry and all standard forms of construction contract include different payment mechanism options. The three most commonly used payment mechanisms are fixed price, target price, and cost reimbursable, and there is a myriad of variants of each of these mechanisms. The NEC suite of contracts…

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Recent reports, such as that published by Middlesbrough Council earlier this year exploring their value for money arrangements, have outlined how some local authorities have struggled to secure economy, efficiency and effectiveness in the use of resources. With several high-profile section 114 notices also being issued by authorities including Birmingham City Council in late 2023,…

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The Competition Appeal Tribunal (“CAT”) is this week considering a landmark class action brought against six of England’s largest water companies. The case will have implications for Ofwat, water companies and customers alike. Our regulatory and competition experts consider what we know so far and what lies ahead for the parties and billpayers. Case Overview…

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