Contractor Magazine
DECEMBER 8, 2014
In the first week of December, the House passed legislation reforming the bankruptcy code for financial institutions (see below), authorizing defense programs for fiscal year 2015, and extending over 50 tax provisions for this year. Hansen, Vice President of Government Relations, The IAPMO Group. Contractor Marketplace Management'
NH Construction Law
OCTOBER 22, 2023
Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy.
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Green Building Law Update
SEPTEMBER 21, 2011
The result: two weeks ago, Solyndra announced bankruptcy. Since receiving the loan, the price of solar panels has plummeted - good news - which has squeezed the margins of manufacturers like Solyndra. And taxpayers are now responsible for repaying a half billion dollars.
Construction Marketing
APRIL 25, 2016
It is not unheard of for a construction firm to face bankruptcy and fail because of a lawsuit. Benefit: Documentation builds your defense, but avoiding all together avoids costly legal fees. Executives receive necessary information to manage projects and minimize risk. Avoid Litigation. Litigation is very costly.
Constructlaw
DECEMBER 7, 2020
Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of conÂtract defenses focused on excuses for non-performance. In those clauses, the overall success of COVID-19-based force majeure defenses is still unknown.
Levelset
SEPTEMBER 16, 2022
Completed operations coverage provides legal defense of the claim, which is found to be not of merit. A couple of years after the construction of an industrial manufacturing plant, an electrical fire destroys the plant and the equipment inside. In this case, the contractor is not out any money. Who needs completed operations insurance?
Buisness Facilities Contributed Content
JANUARY 28, 2013
.” “This is a significant milestone in our restructuring and represents substantial progress that we expect will allow us to continue down a path toward successfully emerging from bankruptcy,” Spanjers said. Tentative plans call for the move to Minnesota to be completed by May 2013.
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