COVID-19: FIDIC And Claims For Additional Time & Money In Construction Projects

The increasing and dynamic impact of the novel Coronavirus (COVID-19) is tangible. For example, on January 30, 2020, the World Health Organization declared a “public health emergency of international concern” and in the Peoples Republic of China (PRC) the China Council for the Promotion of International Trade (CCPIT) Commercial Certification Center issued a notice that the CCPIT would issue ‘Force Majeure Certificates’ in respect of COVID-19 for international contracts between PRC entities and foreign […]

By | March 6th, 2020 ||

Exposure And Remedies Under Completion Guaranties

Under a completion guaranty, sometimes referred to as a “cost overrun guaranty,” the guarantor typically guarantees any excess of the cost of completing construction over the portion of the construction loan allocated to funding construction costs.

The lender will usually have all or some of the following three remedies: (i) requiring the guarantor to complete construction, in which case the guarantor will be entitled to draw undisbursed amounts of the construction loan allocated to construction costs, […]

By | March 4th, 2020 ||

The Carson Law Group – 2019 Success

The Carson Law Group ended 2019 on a stellar note. U.S. News & World Reports once again recognized the group as one of the region’s “Best Law Firms” in Construction Law and Commercial Litigation.

he U.S. News – Best Lawyers “Best Law Firms” rankings are based on a rigorous evaluation process. In order to be considered, a firm must have at least one attorney recognized in the current edition of Best Lawyers. U.S News then […]

By | March 3rd, 2020 ||