Tag: development sale

Assignment & Novation of UAE Construction Contracts | E-Basel

Contract » Contract Formation Assignment of Construction Contracts — Rules and Restrictions When a project changes ownership through sale, refinancing, or corporate restructuring, the construction contract must be properly transferred. Assignment and novation are frequently confused — and the consequences of confusing them can be serious. 4 min read · Updated 21/04/2026 By Basel Al …

Continue reading

Permanent link to this article: https://www.e-basel.com/fidic/assignment-novation-of-uae-construction-contracts-e-basel/