Vimarsana
Biggest News Aggregation in the World

Page 7 - Performance Security News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Performance Security. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Performance Security Today - Breaking & Trending Today

INVITATION TO BID: Lewis & Clark Caverns - Vimarsana News

INVITATION TO BID: Lewis & Clark Caverns

N

Force Majeure: Force Majeure: How successful has the law been post Covid in India - Vimarsana News

Force Majeure: Force Majeure: How successful has the law been post Covid in India

Synopsis Law relating to force majeure is quite settled and one requirement of law that when the contract itself provides for the force majeure and reliefs therefrom, the aggrieved party is bound to follow the process of notification. Getty Images Various courts in India have also recognized COVID-19 as force majeure. Force majeure clauses are risk attribution clauses, which specifically deal with the attribution of risk arising out of a force majeure event. Force majeure events are often broadly defined as unforeseeable events, over which parties have no control, which are not a result of ...

PH blacklists 3 firms for unfulfilled NIA contracts - Vimarsana News

PH blacklists 3 firms for unfulfilled NIA contracts

Published February 19, 2021, 5:00 AM Three companies were officially blacklisted from participating in any government-funded projects in the Philippines for failure to deliver their contractual obligations with the National Irrigation Administration (NIA). A NIA statement identified the three project contractors, namely — the consortium of ITP Construction, Inc. and Guangxi Hydroelectric Construction Bureau Co., Ltd., MAC Builders, and Premium Megastructures, Inc. National Irrigation Administration (MANILA BULLETIN) Subsequently, aggregate performance security of the contractors amounting t...

Source: mb.com.ph
Beijing Everyway sues government over Accra intelligent traffic management contract - Vimarsana News

Beijing Everyway sues government over Accra intelligent traffic management contract

Management of the Beijing Everyway Traffic and Lighting Technology Company Limited is seeking $55 million dollars in damages from the Ghana government at the London court of international arbitration. This follows the cancellation of the Accra intelligent traffic management project which was earlier awarded to the company. The company was contracted in 2018 to implement the project worth 100 million dollars after Parliament’s approval. Based on that, the Beijing Everyway said it submitted a $10 million Performance Security to the Ministry of Roads and Highways and shipped over 50 containers...

Judgement debt: Chinese company claims $55 million from Ghana - Vimarsana News

Judgement debt: Chinese company claims $55 million from Ghana

The Chinese company, Beijing Everyway, worked on the provision and installation of a traffic management system but the same contract was awarded to another Chinese-based company by the government of Ghana. In 2020, the company filed a suit against the Government of Ghana in the London court of international arbitration. The Chinese-based company is being represented by Zhong Lun Law Firm in Beijing. The lawyers believe that the claim against Ghana is the first against an African country by a mainland Chinese investor. Inusah Fuseini warns Former...