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Special legal team could tap MGT Construction's "undisclosed assets" to pay $28M debt

Construction Dive

A trustee in the case of MGT's Chapter 7 bankruptcy has asked the court to consider that the company may have more than the $50,000 in assets it claims.

Debt 48
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Louisiana Payment Bond Changes: What Material Suppliers Need to Know

Levelset

Here’s how this section reads: Except as provided in Paragraph (2) of this Subsection, nothing in this Part shall be construed to preclude a surety from asserting any defense to the principal obligation that its principal could assert except for lack of capacity or discharge in bankruptcy of the principal obligor. What’s Changing?

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A journey through masonry reclad litigation

BD+C

Time is of the Essence With Construction Litigation Across most jurisdictions in the United States, time is an issue from a legal perspective. This timing comes into play with investigation, inspection, and claim notices, and for getting claims on file—both in court and in arbitration.

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Advise & Consult: Serious, expert legal insights for the construction industry

Construction Marketing Ideas

This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute. I’m not a lawyer, of course, and wouldn’t think of providing specific legal advice to anyone reading this blog.

Legal 48
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Does a Lien Affect Your Credit Score?

Levelset

There are several different types of property liens , which are legal claims against the property held by a debtor. Credit bureaus can collect public information from state and county courts, including bankruptcies. Any legal financial-related data (judgments, liens, garnishments, etc.) What is a lien?

Lien 96
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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

It pays for repairs of damages to the surrounding property, as well as legal expenses incurred during a lawsuit. The policy covers damages to property, bodily injury expenses, and legal fees caused by faulty work or installation of a faulty product. Examples of completed operations claims. Deck collapse.

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International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance. Mealey’s: What, if any, events had an impact on the global economy that have led to increased filings?

Claims 40