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In this article for Construction News, Louise Woods, Ciara Ros, and Lauren-Emma Parrott look at the FIDIC Silver standard form contract, and the key issues to consider in respect of bonds and guarantees when entering into, or enforcing under, this form of contract. In particular, they discuss what financial security is available to both contractor and owner in the context of defects that may arise during the life of a project.

On March 29, 2024, the International Seabed Authority’s (“ISA”) Council concluded the first part of its 29^th Session continuing the negotiations and drafting of the Exploitation Rules, Regulations and Procedures (“RRPs”) for the deep seabed.

In this article published by Construction Law, Angus Rankin, Mat Parente and Jess Webster explore some key points to consider in the decision-making process.

The Kingdom of Saudi Arabia has embarked on a significant legal reform with the introduction of its first Civil Transactions Law (the “Civil Code”), which took effect on December 16, 2023.

To mark Riyadh International Disputes Week we wanted to share our Middle East International Dispute Resolution Compendium, which discusses recent developments in the dispute resolution landscape across the region including specific coverage of the latest changes in Saudi Arabia.

On 22 February 2024, the UK government confirmed the UK’s withdrawal from the Energy Charter Treaty (ECT), blaming a failure of efforts to modernise the treaty and align it with net zero aims.

The Inflation Reduction Act (IRA) and Critical Raw Materials Act (CRMA) are the clearest results of a race to reclaim control over critical raw materials following the global supply chain vulnerabilities exposed during the pandemic and exacerbated by Russia’s invasion of Ukraine, as well as a growing frustration over China’s dominance of the global critical raw materials chain. America and the EU recognise that critical raw materials are the cornerstone for the electrification of society.

International energy analysts record that the market size of key energy transition minerals has doubled in the last five years, reaching a staggering US$320 billion in 2022.

The AUKUS pact has geopolitical significance, including in respect of the strategic advantages it may offer Australia’s navy in the Indo-Pacific region, particularly in the South China Sea and Taiwan Strait.

Some construction industry commentators have urged a more integrated approach to design and construction, with equitable risk sharing and an effort to ensure that project design will benefit from the experience of companies that build and supply key equipment and systems.

The UK has announced that it will review its membership of the Energy Charter Treaty (the “ECT” or “Treaty”) if there is no agreement on modernisation by November 2023.