Two former finance directors at collapsed contractor Carillion have been fined a combined £371,700 for their role in issuing misleading market statements in the period leading up to the company’s collapse. The Financial Conduct Authority (FCA) said Richard Adam and Zafar Khan were aware of serious financial difficulties within Carillion’s UK construction business but failed [...]
Lendlease is seeking more than £4m in damages from Balfour Beatty through a building liability order (BLO) over alleged fire safety defects at a Bristol residential development completed more than 20 years ago. Court papers lodged with the High Court relate to Capricorn Quay, a two-block waterside scheme of 48 flats built in 2002. In [...]
Laing O’Rourke is pursuing legal action against architect BDP for nearly £1.8 million following cladding remediation work carried out on a residential building in Bury, Lancashire. The dispute centres on The Rock, a mixed-use retail and residential scheme completed by Laing O’Rourke in July 2010. The contractor signed a design and build agreement in 2008, [...]
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