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In this article, we outline relevant provisions of Law Decree 403 and some additional developments that have taken place since, with regard to case law in Spain.
This is the latest of our series of articles introducing new users to the NEC (New Engineering Contract) suite of contracts, with particular focus on its proposed use on the Reconstruction with Changes Project in Peru. Here, we consider the standard pricing options under the NEC Engineering & Construction Contract (ECC).
Many businesses from different sectors and industries around the world have been affected by the crisis caused by the pandemic. Businesses have been forced to close, and there is a heightened risk of bankruptcy.
In the second of our series of articles intended to introduce new users to the NEC (New Engineering Contract) suite of contracts, and with particular focus on its proposed use on the NRC Project in Peru, we explore the general principles of NEC design liability.
“Fenomeno del Niño” is the name given to an unpredictable weather event specific to the eastern side of the Pacific Ocean.
When opportunity knocks: will arbitration become the preferred means for resolving offshore commercial disputes?
The optimists among us look for “silver-linings” in these challenging times. One of these is affirmation of our capacity for innovation and adaptation as individuals and businesses, and our societies have adjusted, and innovated in response to the dramatic restrictions imposed on our way of life.
There is no escaping the negative impact of the COVID-19 pandemic on the construction industry in Latin America, both on existing projects and future potential. Each government in Latin America has taken the precautions it has deemed necessary.
The coronavirus pandemic has affected certain areas of the regional re/insurance market more than others, with construction insurers and reinsurers particularly exposed.
As COVID-19 spreads, the impact on the construction industry is increasing. The construction industry in the Commonwealth Caribbean relies heavily on European, Asian and American suppliers/manufacturers for construction materials and labour.
It pays to be sophisticated when it comes to surety in the construction industry in Latin America. For anyone familiar with the surety business in LATAM, especially those who have been stung, they will understand.