On 25^th May, SCL(S) hosted yet another successful webinar (as part of its Professional Development programme to promote the education in the field of construction law) – with an evening presentation on Financial Instruments in Construction Projects  by the Pinsent Mason MPillay LLP team of David Platt and Jia Lin Ho.

During the evening moderated by Council member Anil Changaroth, David and Jia Lin took the attendees through the very practical, procedural aspects of construction projects’ financal instruments including Performance, Advance Payment and other Bonds; Payment and Standby Letters of Credit and Facilities; and Currency Hedging.

Throughout the evening, both speakers interchangeably dealt with such instruments’ nature/purpose/necessities for, types/styles/examples, rights/protections, problem/concerns with, procedure/payment out/solutions in its uses/demands.

Both Jia Lin and David took and addressed questions raised at the each of the sections and also during the question and answer session of the evening. Throughout the evening, David and Jia Lin reiterated and kept the participants engaged, ensuring the session is not too legalistic (an aspect that the Dispiute Resolution practitioners amongst us are all too familiar with) but instead focussing on the more technical and procedural aspects of the use of such instruments.

Click HERE to view the webinar photos. 

Contributed by:

Anil Changaroth – Managing Director (and General Counsel), ChangAroth InterNational Consultancy and ChangAroth Chambers LLC