BdaLaw successfully represented an Italian Contractor in a Court case relating to the calling of a Performance Bond

By Giuseppe Broccoli on 23 Oct 2018

The Performance Bond

The Contractor signed with the Supplier a contract for the supplu of certain major components in respect of the revamping of a power station in Middle East. The contract provided the issue of a Performance Bond to secure the proper and timely performance of the Supplier's obligations.

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Doing Business 2018 - The World Bank annual Report

By Giuseppe Broccoli on 29 Sep 2018

Giuseppe Broccoli, Elisabetta Ventrella and Fabio Zanchi have contributed to the 'Doing Business 2018: Reforming to create jobs' survey for Italy in respect of the following sections:

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Getting the Deal Through: Construction 2019

By Giuseppe Broccoli on 29 Sep 2018

BdaLaw is honored to have contributed to the 12th edition of Construction, a volume in the Getting the Deal Through series of annual reports which provides international analysis in key areas of law and policy for corporate counsel, crossborder legal practitioners and business people.

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How to negotiate a Performance Bond: 5 tips

By Elisabetta Ventrella on 17 Jul 2017

The Performance Bond is a guarantee which secures the Employer from the risk of possible breaches by the Contractor during the execution of the works. It can be risky for the Contractor for several reasons and above all because it is a guarantee which remains in force for the entire life of the construction project.

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On-Demand Bond: how it works

By Giuseppe Broccoli on 10 Jul 2017

 One of the most frequent problems in international construction projects (and more generally in international commerce) is represented by the issue of bonds or guarantees that the Employer requests to secure the performance of the contract. The purpose of said bonds is to guarantee the Employer that he will recover any loss or damage that it might suffer as a consequence of the breach of the Contractor. 

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How to negotiate an Advance Payment Bond

By Giuseppe Broccoli on 3 Jul 2017

In international construction projects, it is rather standard that the Contractor starts the mobilisation/procurement just after an advance payment has been paid by the Employer. But how does it work and how can you negotiate it at your best?

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