Global: The Royal Institution of Chartered Surveyors (RICS) has published the RICS Property Measurement, 1st edition. RICS Property Measurement comprises three elements: – – Professional Statement: Office Measurement. This applies only to office measurements – – International Property Measurement Standards (IPMS): Office Buildings – – Code of Measuring Practice, 6th edition. This applies to all building classes except offices This publication reflects the launch of the first international measurement standard, which aims to increase transparency and consistency in the way office buildings are measured globally. RICS Property Measurement will be updated to comply with other IPMS when they are published. The intention is that there will be IPMS for residential, industrial and retail buildings. Australia: The Western Australian Supreme Court took the ‘principal friendly’ approach in the see-sawing issue, which remains somewhat unsettled by Australian courts, as to whether the prevention principle can overcome time-bars in a contract. Despite principal-caused delays the Court found that the principal was entitled to levy liquidated damages, in circumstances where the contractor had failed to comply with the notice regime under the contract to claim an extension of time for those principal- caused delays and the contract was clear that this failure disentitled the contractor from an extension of time. Qatar: The New Commercial Companies Law (Qatar) impacts entities currently registered with the Ministry of Economy and Commerce (MEC) and those to be registered in the future. There has been a general ‘tightening’ of the timelines to complete the various registration processes. Existing time periods have been reduced, materially in some instances, and some new time periods have been introduced. In addition, entities are directed under the New Companies Law to make publications available on their websites if they have them, such as the publication of the memorandum and articles of association of public shareholding companies.
13
Made with FlippingBook flipbook maker