Foyen has advised UK based infrastructure group Hill & Smith in its sale of the Swedish traffic rental, flagman and academy business.
Published: 4. May 2022Foyen has advised UK based infrastructure group Hill & Smith in its sale of the Swedish traffic rental, flagman and academy business. Hill & Smith, which is listed on the London stock exchange, has sold the business from its Swedish subsidiary ATA to Rentsafe AB, a subsidiary of Ramirent AB, which is part of the French Loxam group.
Foyen’s team was led by partner Peter Dyer and included senior associates Yasmine Shoaie-nia and Måns Karlsson
Pre-inspection has many benefits. The contractor and construction client can gain clarity regarding whether the chosen execution is contractually compliant, who bears liability if the construction client wants to use part of the construction project before it is completed and, not least, whether it it possible to rectify defects before they are built in.
As a consequence of the Russian invasion of Ukraine, contractors involved in ongoing projects may be able, where appropriate, to request an extension of time for the contract period as well as modification of the agreed price for the works in order to take into account changes in costs. Both the construction client and the contractor need to inform themselves of how the war might affect ongoing and future construction projects to which AB 04 and ABT 06 apply.