Financial Services & Insolvency Communiqué

Open book with eyeglasses folded on top; a pen sits over top a budget sheet

December 19, 2018

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New Saskatchewan Prompt Payment Legislation For Construction Projects: How Will it Impact Lenders?

David G. Gerecke, Q.C., Sean Bryden, Fraiba Jalal

Following the lead of Ontario, Saskatchewan has introduced amendments to The Builders’ Lien Act to provide for a “prompt payments” regime.  Although the amendments are aimed at the timing and process for payment of invoices as between owners, developers, contractors...

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