Posted by Justine Lamond | 30 October 2020 | Nexus News
Their October 2020 issue, the Hunter Business Review featured an article by Nexus Law Group Manager Director Marcus McCarthy and Group Principal Simon Fosterling on Understanding the Pros and Cons of Surety Bonds.
“An aura of uncertainty exists around whether surety bonds really are ‘as good as’ bank guarantees,” said commenting on the article, Group Principal Simon Fosterling, “Some of key points to be aware of that help manage and dispel this uncertainty include:
• Contracts may set out required wording for security to be
unconditional, and the wording on a surety bond can be exactly the same unconditional wording as on a bank guarantee.
• Often the credit rating of the insurance company issuing the surety bond will be just as good if not better than the credit rating of the banks issuing the bank guarantee.
• Surety bond providers will usually be able to provide a list of organisations that routinely accept surety bonds, which can help demonstrate general industry acceptance of surety bonds.”
Click here to to read this article in full.
15 February 2021 | Nexus News | Jeremy Duffy
Nexus Group Principal and legal technologist Jeremy Duffy presents Electronic Contracts in Property Matters webinar for legal education provider Television Education News. “With clients and practitioners searching for more efficient ways to execute contracts and conduct transactions generally, electronic contracts are here to stay,” said Jeremy.
09 December 2020 | Civil Contractors and Construction | Ben Robertson
Nexus' Construction & Infrastructure team provides a review of the key industry legislative changes which took place in 2020.
24 November 2020 | Nexus News | Justine Lamond
Nexus is very proud sponsor the Centre Of Legal Innovation and ALPMA's Innovation & LegalTech Week 2021. "COVID has fundamentally changed the Australian legal landscape. Innovation & LegalTech Week 2021 is about navigating this change as we move into a new post-COVID world," said Marcus McCarthy.