articles: Real estate and Construction

Carillion – what happens next with contracts?

Following the announcement that Carillion have commenced a compulsory liquidation process this morning, Lee Causer, Partner and construction industry specialist says: “The collapse of Carillion will be hugely disruptive for the construction industry, both for customers and suppliers, as well as creating particular angst for employees who clearly face a great deal of uncertainty at this time.”

IFRS 16 Leases - The impact for property investors

It’s been a long, long wait, but we finally have the international standard dealing with leases, IFRS 16.

It will still be a few years yet before the first financial statements are published which have to comply with the new standard, since it is effective for periods beginning on or after 1 January 2019, although early adoption is allowed.