Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Global | Publication | March 2018
The Queensland Government has just announced that on 1 July 2018 the modified process for Security of Payment in Queensland under the Building Industry Fairness (Security of Payment) Act 2017 (‘BIF’) will be in full effect.
Under the BIF the modified regime will mean:
Payment claims no longer need to be endorsed (a recipient must assume each claim is a statutory claim);
Claimants will have longer to submit an adjudication application in most situations; and
Respondents must issue a prompt payment schedule within the ‘response period’ or they will become liable to pay the full amount claimed (no more “second chances”).
This announcement provides much needed clarity on the date of this key milestone in the overall suite of legislative reform for Security of Payment in Queensland.
Phase 1 of the new Project Bank Account (PBA) model commenced today and the wider rollout of the PBAs to the industry is still on track for 1 January 2019.
Together, the changes mean the playing field for Principals and Contractors alike has changed significantly. Administration of contracts in accordance with the new legislative requirements will become a focal point for projects delivery.
Note that all payment claims submitted before 1 July 2018 must be endorsed as made under the Building and Construction Industry Payments Act 2004.
For more information, please contact Peter Lamont.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
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The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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