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Force majeure and other options. Contract considerations for construction companies in the UAE during the coronavirus lockdown

01:04:00

Apr 16, 2020 09:50 AM

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Speakers

Mohammad Al Shouli
Executive Vice President, Global Head of Contracting Finance @Mashreq
Mohammad has enjoyed a career in banking spanning almost 30 years - over 23 years with Mashreq. During this time, he has held a variety of senior positions, most notably leading teams involved in commercial banking, corporate and investment banking, and contracting finance. His wealth of experience has seen him operate in local, regional and now global roles and he is recognized as one of the region’s most respected contract finance experts, regularly being sought out for his opinion and insight by the media, regulators and government. In 2017 Mohammad pioneered the Mashreq MEED Construction Partnership which accelerated the implementation of Mashreq Bank’s sector specialization. The collaboration between the Middle East Economic Digest, MEED, and Mashreq set the gold standard in bank-led initiatives to bring together stakeholders from a single sector uniting the entire supply chain.
Michael Grose
Partner @Clyde & Co
Michael is a construction and projects partner. He has been advising on the legal aspects of construction projects since 1993 when he qualified in the UK. He has been based in the Middle East with Clyde & Co LLP since 1998, becoming a partner in 2004. Michael frequently reviews, advises on and prepares construction contracts for major projects, particularly the FIDIC suite of contract conditions. He has drafted amendments to these conditions to adapt them for use in the Gulf. Michael has also represented parties in many of the regions' largest and most high profile construction and engineering disputes. As a result, he has considerable experience of conducting arbitration in the Gulf, including as an arbitrator appointed by the Dubai International Arbitration Centre. He is familiar with proceedings in the Dubai International Financial Centre having, amongst other things, acted for a main contractor in the first construction case to come to trial in the DIFC Courts.
Matthew Heywood
Partner @Clyde & Co
Matthew is a construction disputes partner specialising in construction and infrastructure; and more particularly dispute resolution and risk management. He advises and represents clients on the resolution of disputes arising out of major infrastructure projects throughout the world with a particular emphasis on the Middle East. Matthew advises throughout the project lifecycle in an effort to minimise costs and mitigate risks. Over the years Matthew has built up strong relationships with a wide variety of clients, most notably within the construction sector within the Middle East, UK and internationally. Many of his contacts are in house legal or senior project and commercial managers. He combines excellent client and legal skills with commercial acumen and, as such, has built up a strong and loyal client base internationally. Clients who have instructed him over the last few years include: • Contractors and sub-contractors • Employers (including government-linked entities) • Construc