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21 October 2020 | Webinars | Article by Richard Macphail

Webinar: The Future of Surety for RSLs in Wales replay

In August, Welsh Government withdrew the financial surety provided to RSLs which had helped to drive development, so what’s next? Housing associations in Wales need to find alternative methods to continue building.

Our webinar, supported by Community Housing Cymru and Insurance and Risk Management specialists, Gallagher, looks at how your organisation can navigate the best way forward from a legal and practical perspective, assessing the likely impact on timescales and outcomes.

Kicking off the webinar, Richard Macphail, Partner and Head of Social Housing at Hugh James discusses the background of the requirement to have sureties in infrastructure agreements when dealing with new development sites. He explains the historic approach from Welsh Government, clarifies what has changed and sets out the current options that are available to Housing Associations when arranging their ongoing infrastructure agreements.

Co-hosted with Gallagher, Director, Paul Smith covers an overview of surety bonding, including:

  • what surety is
  • the types of bonds typically required
  • how it differs from insurance
  • the markets that provide bonds
  • the underwriting process
  • the documentation required
  • a relevant case study

We have posted the webinar recording above, for you to watch at your leisure.

Author bio

As Head of Social Housing and Partner in the Commercial Property team, Richard acts for a wide range of clients and advises on all aspects of commercial property law in both private and public sectors. He is known for quality of service and his ability to apply technical legal expertise with a practical and commercial focus.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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