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| News » Commercial Property Law » Wembley Stadium contractors accused of wasting time and money |
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30/09/2008
Wembley Stadium contractors accused of wasting time and money |
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Companies involved in the construction of Wembley Stadium have been accused of wasting over £20 million in a legal fight in which "neither party has gained any financial benefit".
The Times reported on Mr Justice Jackson's summation of the dispute held between principle contractor Multiplex and Cleveland Bridge, a company which provided steel for the stadium's arch.
Cleveland Bridge were sub-contractors for Multiplex and accusations of lengthy delays - from both companies - began fairly soon after they began working together.
Mr Jackson said that he was "surprised" at the way the companies had handled the litigation having ignored previous advice given in preliminary hearings to reach an out of court settlement.
In his judgement, Mr Justice Jackson said: "Large sums of costs and a large amount of management time have been expended on both sides to no useful purpose.”
According to Mr Justice Jackson, the companies had failed to make use of measures put in place by the courts to resolve commercial disputes "swiftly and cost-effectively".
Commenting on the unusual nature of the case, Mr Justice Jackson said that what had happened between the two companies was "in no way typical of litigation in the Technology and Construction Court". |
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