Events | 10 Jun 2020

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.

Presenters

John O’Kane

Partner

Hall & Wilcox

Mark Petrucco

Partner

Hall & Wilcox

Hall & Wilcox

Kitty Vo

Partner

Hall & Wilcox