When your construction finance deal goes into default – know your rights and responsibilities

Unfortunately, some construction financing deals go bad. And, with COVID-19, risks for these deals have heightened. Our banking, projects and corporate renewal teams delivered a webinar to discuss the key things to be aware of when a deal goes bad.

Aimed at borrowers, builders and lenders, we covered:

• how a builder side deed works;
• default notices under building contracts;
• force majeure in the context of COVID;
• director’s duties – borrower and builder;
• lender’s step-in rights; and
• safe harbour considerations.