Re#88 point 2.
I note from BBC News last night about the Liverpool hospital they were having to pay. £1.5m every month late. So far a year behind. No one is going to recover the penalty now!
Also wondering who will pay to complete the building. Not too much of a worry unless Carillion have been paid in advance.
I don’t fancy the job of having to unravel the mess and refinance any deals.
When companies get taken over (prior to any collapse) the new company should accept the liabilities as well. I know of cases in Defence where this never happened and we paid twice. I was always uncomfortable signing the 640s and would raise a note for my boss to sign to cover my arse.