Vesting Certificates

23 November, 2020

An article by Jane Robertson of Charles Russel Speechlys solicitors - August 2020

offsite

vesting

Vesting certificates may be required where specific goods or materials are stored off-site but, on payment, the title in such goods or materials passes to the paying party. They are often used where off-site or modular construction is involved and are likely to become more common as more projects involve elements of MMC. The recent case of VVB M&E Group Limited & VVB Engineering UK Limited v Optilan (UK) Limited provides a reminder that the terms of vesting certificates must be clear, unambiguous and consistent with the underlying contract

Attachments

  • Vesting Certificates - Aug 2020.pdf ( 181 KB )