{"id":5388,"date":"2016-02-22T01:27:56","date_gmt":"2016-02-21T18:27:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-disputes-to-rise-in-middle-east-as-cash-tightens\/"},"modified":"2016-02-22T11:28:00","modified_gmt":"2016-02-22T04:28:00","slug":"construction-disputes-to-rise-in-middle-east-as-cash-tightens","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-disputes-to-rise-in-middle-east-as-cash-tightens\/","title":{"rendered":"Construction disputes to rise in Middle East as cash tightens"},"content":{"rendered":"


\n
\nArabtec’s disclosure that it is “vigorously seeking full recovery of receivables” owed is yet another sign that construction disputes in the region are set to rise as cash becomes tighter. “There’s definitely more disputes,” said Simon Palmer, the head of construction disputes at the law firm DLA Piper. “What used to be the case is things would take their time to develop and it could be a number of years before anything actually came to a head. Parties are now prepared to do something about it.”
\nFaisal Attia, at DWF, another law firm, said that during the previous crisis, many contractors decided to wait after payments stopped as they did not want to spend even more money on litigation.Within a year there was a rush of work “because people decided they couldn’t wait any more and decided to pull the trigger”. Scott Lambert, the regional head of construction and infrastructure at the law firm Al Tamimi & Co, said that it is currently seeing the beginnings of potential cases, but not many full-blown claims.
\n“People are still having a look at their own situation and maybe not even telling the other side yet that there is a claim coming,” he said. He expects this to change soon.”There will be an increase in disputes coming forward in the second half of this year. Whether they get resolved or not depends on how much cash is around.”Yet Mr Palmer believes that it is this fear of cash shortages further down the line that is prompting many contractors to take action.
\n“Things have definitely tightened and there’s an eagerness to take some action,” he said.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Construction disputes to rise in Middle East as cash tightens<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Arabtec’s disclosure that it is “vigorously seeking full recovery of receivables” owed is yet...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-5388","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1oU","jetpack-related-posts":[{"id":5368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-disputes-to-rise-in-region-as-cash-tightens\/","url_meta":{"origin":5388,"position":0},"title":"Construction disputes to rise in region as cash tightens","date":"February 22, 2016","format":false,"excerpt":"\r \r Arabtec's disclosure that it is \"vigorously seeking full recovery of receivables\" owed is yet another sign that construction disputes in the region are set to rise as cash becomes tighter. \"There's definitely more disputes,\" said Simon Palmer, the head of construction disputes at the law firm DLA Piper.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11844,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pwc-buys-construction-claims-firm-as-disputes-rise-in-gcc\/","url_meta":{"origin":5388,"position":1},"title":"PwC buys construction claims firm as disputes rise in GCC","date":"May 3, 2016","format":false,"excerpt":"\r Big Four accountancy firm PwC has bought a Middle East consultancy that specialises in construction disputes.PwC has acquired HLP Consulting - a 24-strong practice with offices in Dubai, Abu Dhabi and Qatar serving the entire GCC market.HLP had been set up by former members of UK-based Trett Consulting in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15084,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/middle-east-the-worlds-costliest-market-for-construction-disputes\/","url_meta":{"origin":5388,"position":2},"title":"Middle East the world's costliest market for construction disputes","date":"June 1, 2016","format":false,"excerpt":"\r The Middle East has become the world's costliest market for construction disputes, with fallouts between contractors and clients involving bigger cases than anywhere else in the world, according to construction consultancy Arcadis. The firm said that the average value of disputes in the Middle East increased by 7 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-renews-dh1-4bn-dispute-against-meydan-three-years-after-dropping-dubai-racecourse-claim\/","url_meta":{"origin":5388,"position":3},"title":"Arabtec renews Dh1.4bn dispute against Meydan three years after dropping Dubai racecourse claim","date":"March 25, 2016","format":false,"excerpt":"\r \r Arabtec is to recommence its legal action against Meydan, reviving one of Dubai's biggest construction disputes since the financial crisis.It comes three years after the pair agreed to out-of-court talks to resolve their dispute over the redevelopment of the horse racing venue Arabtec is now recommencing its bid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-construction-disputes-in-asia-still-above-world-average\/","url_meta":{"origin":5388,"position":4},"title":"Cost of construction disputes in Asia still above world average","date":"June 7, 2016","format":false,"excerpt":"\r Despite an overall reduction in the value of construction disputes in Asia, disputes in the region are still about 45 per cent higher than the global average of US$46 million per case, a survey showed.\r \r Source : South China Morning Post\r Read more...Cost of construction disputes in Asia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-contractors-face-tough-market-conditions-amid-cashflow-constraints\/","url_meta":{"origin":5388,"position":5},"title":"Gulf contractors face tough market conditions amid cashflow constraints","date":"May 25, 2016","format":false,"excerpt":"\r Contractors across the Gulf are facing a tough set of market conditions, with cash flow constraints and greater competition for fewer contracts placing a squeeze on margins, according to Deloitte. The accountancy firm's 2016 Powers of Construction report states that contract awards are likely to drop to US$140 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5388"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=5388"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5388\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}