Tag Archives: Hong Kong Development Bureau

ILN Today Post

Asia Pacific: Construction law update

Important construction law changes are being introduced in some Asia Pacific countries which those involved in construction projects in the region must be aware of.  The changes in certain common law jurisdictions provide additional entitlements to certain suppliers within a legislative framework.

In August 2015, the Hong Kong Development Bureau’s consultation closed on the proposed introduction of security of payment legislation in Hong Kong.  The changes are intended to alleviate payment problems in the construction supply chain and include measures prohibiting pay when paid clauses.  It is also proposed to introduce a statutory entitlement to payment periods between applications and payments, but not exceeding 60 calendar days for interim periods or 120 days for final payments.

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