What FIDIC’s New Green Book Holds

The following article was originally published in Climate Control Middle East.    The FIDIC suite of construction contracts is written and published by the International Federation of Consulting Engineers. The FIDIC acronym stands for the French version of the Federation’s name (Federation Internationale des Ingenieurs-Conseil). FIDIC’s Contracts Committee produces standard forms of contract for civil…

Revised Central Bank Guidance regarding Saving and Investment Insurance

Pay-when-paid clause can be defeated

Written by Antonios Dimitracopoulos for MEP Middle East    The often-dreaded pay-when-paid clause in subcontracts has deterred many from pursuing what is an otherwise legitimate claim. The common concern has always been that a defence would almost certainly be raised by the main contractor that no corresponding payment has been made by the employer and, as such,…