Projects & Construction: Year in Review 2020

We are pleased to present our Year in Review for 2020, a collection of market and legal updates, considering developments in the construction and infrastructure sector globally over the past 12 months, as well as insights into what you need to be aware of in 2021. In a departure from previous years, our Review comprises a selection of videos and podcasts looking at key regional updates and trends impacting your business.

Listen to the full podcast series on Spotify

Summary: Key global themes

COVID-19 - as a result of COVID-19, we have seen an acceleration of innovative practices across the construction sector. In most jurisdictions, Governments have supported the continuation of construction works, but the impacts of the pandemic on the workforce, supply chain and project pipeline will continue to be felt for many years to come. Ensuring you have the right legal structures in place to safeguard cash flow and support your employees will be critical as we move into the new world post-pandemic. 

Climate change - Business leaders are increasingly aware of the need to make their businesses better able to deal with future shocks created by climate change. With many public bodies declaring 'climate emergencies' across the globe, the construction industry is responding through reductions in the huge contribution to CO2 emissions and energy use made by the built environment.  Businesses also rightly perceive opportunities offered by incorporating carbon reduction and environmental improvement into their corporate strategies, as more and more governments move towards carbon neutrality commitments in the next 10-20 years. This presents both significant risk and significant reward for the sector. Now is the time for businesses to take action on both, identifying practical ways to translate high level intentions into action.

Digital transformation - Companies across the construction industry are investing in innovative technological, data driven solutions to achieve increased efficiencies and improve resilience. Embracing digital solutions will be vital in order to remain competitive and increase productivity. From a legal perspective, advancements in this area bring new challenges around data protection, cyber security, contract design, liability and regulation. Pre-emptive action to prepare for and mitigate these risks will minimise financial and reputational impact.

Please click on the links below to browse our 2020 commentary for your region.