Every year, our Construction Management and Construction Law Seminar in Bad Blumau is dedicated to those topics that we believe are currently topical and whose handling is causing considerable discussion in practice. The ongoing real estate crisis has now spread to the construction industry and in particular to building construction. As a result, project developers in particular are suffering from a lack of liquidity due to higher interest rates and increased bank lending requirements for investors.
The original idea was to reduce the already high insolvency figures in the construction industry on the contractor side with Section 1170 b of the Austrian Civil Code (ABGB) by providing security for construction contracts. In recent months, however, we have noticed that, in addition to the justified securing of the contractor, there are major problems in practice when Section 1170 b is “pulled”. As a result, projects that drift along and protracted disputes about the remuneration due are unsatisfactory for both sides.
For this reason, we have chosen the following topic for Blumau 2025: “Building without risk?”
As always, renowned experts from the world of construction law and the construction industry will present their views and there will be plenty of opportunity for a lively discussion.