The introduction of the Corporate Insolvency and Governance Act 2020 (CIGA) in June 2020 was one of the many preventative measures taken by the UK Government in an attempt to safeguard the economy in the wake of the global Covid-19 pandemic.
Its primary purpose is to provide breathing space to businesses during the pandemic as well as to support continued trading.
CIGA, which introduced significant changes to contracts for the supply of goods and services, has significant implications for businesses that supply construction and engineering services.
In this column I outline what those implications are, and what construction businesses can do to protect themselves.
What are the changes to contract law introduced by CIGA, and how does it…
Read the full article at: https://bmmagazine.co.uk/opinion/construction-suppliers-beware-new-corporate-insolvency-law-requires-ongoing-performance/
