Buildings and operational liabilities - are you covered?
Our November breakfast briefing looked at the operational responsibilities and associated liabilities of those parties who let, finance and manage real estate.
The session has a specific focus on recently constructed property and the options for recourse for the different parties where fire and life safety (FLS) issues subsequently arise. It also highlights the gaps where parties may find themselves exposed.
The briefing also covers the latest developments in relation to cladding systems, and in particular those which include Aluminium Composite Materials. The session addresses the challenges which may be faced where design and workmanship issues are identified during cladding related investigations.
The different roles insurance can play in relation to these issues is also discussed as well as practical steps which can be taken when these difficulties arise during the course of a transaction.
Simmons & Simmons partners John Kelsey and Felix Zimmermann are joined by David Lyle of Lockton to discuss these issues.
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