X
03Sep

Illinois Expands Protections Under the Contractor Prompt Payment Act by Imposing New Restrictions on Retainage

The Illinois Contractor Prompt Payment Act, 815 ILCS 603/1, et seq. (the “Act”) was first enacted in 2007 and designed to safeguard contractors and subcontractors on private projects by providing a mechanism to expedite payments for work performed....
By: Seyfarth Shaw LLP
Source Url: https://www.jdsupra.com/legalnews/illinois-expands-protections-under-the-83326/

Related

Philadelphia Zoning, Land Use, and Construction COVID-19 Update

Philadelphia Zoning, Land Use, and Construction COVID-19 Update - Currently, the City of Philadelph...

Read More >

MarkIt to Market® - November 2019: Brand News on the Street

On November 25, Moët Hennessy Louis Vuitton (LVMH), the world’s biggest luxury goods group and home...

Read More >

NLRB Makes ‘Unilateral’ Less Of A Dirty Word

The National Labor Relations Act (NLRA) requires employers with a unionized workforce to bargain in ...

Read More >

Developers Must Explicitly Reserve Construction Right in Phased Condominium Project

As any seasoned developer knows, condominium development projects involve a delicate interplay betwe...

Read More >

The ABC Test is Here to Stay: California Governor Signs AB 5

On September 18, 2019, Governor Gavin Newsom signed Assembly bill (AB) 5, which codifies last year’...

Read More >

New York State Adopts Additional Laws to Combat Discrimination and Harassment

The New York State Legislature passed several bills at the end of its 2019 session which, yet again,...

Read More >