Retentions law reform in sight as Stanley-Tallwood liquidator plans director deal

Wed, 09 Oct 2019

The liquidator for Stanley Group, Tallwood Holdings and associated companies wants to cut a deal with its directors and get them to pay subbies to make up for the lack of retentions held. And as he does so, the building and construction minster Jenny Salesa says she will soon make an announcement about strengthening the retentions regime, having sought advice from officials. Subcontractors owed money by the group of construction companies are fuming after liquidator Damien Grant told them last month that no funds had been properly set as...

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