Construction insolvency overview
Gatehouse Chambers has specialisms in both construction and insolvency so our members are uniquely qualified to advise clients on the implications of insolvency in the construction sector. Our members have specialist knowledge of the relationship between enforcement of adjudicators’ awards under HGCRA and insolvency procedures under the Insolvency Act 1986. We have appeared in the leading cases which address the differences between the two approaches in the context of winding up petitions and adjudication enforcement.
Our members are regularly instructed on behalf of insolvency practitioners, employers, contractors, sub-contractors and lenders to advise on the consequences of insolvency in the contract chain (in particular, its effect on novation, step-in rights, set-off, bonds and guarantees) and on the various security devices deployed as protection against insolvency in the chain.