FIS Chief Executive Iain McIlwee has been quoted in a recent Construction News report examining a significant court ruling that could allow administrators to recover fees from funds held in a project bank account. The case raises important questions about the protection of ringfenced payments and the effectiveness of Project Bank Accounts in safeguarding supply chain funds following insolvency events.
The article continues the industry’s ongoing debate around payment security and insolvency reform, with FIS remaining at the forefront of discussions on protecting specialist contractors and suppliers.
Read the full article in Construction News here.