Tag Archive | restructuring

“Lien by any other name would be as thorny and troublesome”​

Builders’ Lien, Construction Lien, Mechanics’ Lien

Construction industry in Canada is a strong indicator of the country’s economic strength. It is a $171 billion plus industry that employs approximately 1.24 million. It is a heavily regulated industry with many stakeholders from land owners, financial institutions, builders, developers, engineers, construction companies, and suppliers. However, it is not without risks, given that most work is often performed by different tradesmen as either sub-contractors or independent contractors, and who may or may not have privity of contract with the project owner. Read More…