Construction dubai, pay-when paid clause

Testing the legal basis of the lack-of-purpose argument

One of the most daunting prospects for an MEP sub-contractor – or, indeed, any sub-contractor – is the possibility of being held ransom to a pay-when-paid clause. Quite commonly included in MEP sub-contracts, this clause effectively dictates that the MEP sub-contractor will receive payment only within a given period of time, usually around 14 days,…

Finance for SMEs

The Future of FinTech

Join us for a special breakfast event at Dubai Expo 2020: ‘The Future of FinTech: Bridging the divide between the unbanked and traditional finance. How FinTech trends in the Middle East are transforming the industry.’ Over the course of the morning we will be discussing how FinTech trends in the Middle East are driving corporates…