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International Industrial Plant Construction Contracts in Finland |
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Back-to-back clauses and compulsory law Trade between Finland and the other Member States of the European Union has grown to new dimensions during the last few years. Finnish enterprises have awarded to European plant constructors orders of significant magnitude. As a rule, industrial plant contracts are agreed on a turnkey basis. For building the industrial plant the general contractor has to use a variety of subcontractors from different branches and of different nationalities. The special characteristics of international industrial projects present a challenge also in the process of contract drafting. Back-to-back clauses are often used in order to cope with this challenge. However, they are not a magic wand. This booklet outlines important aspects of contract drafting in subcontractor relations in the context of Finnish industrial plant construction projects. Articles: •Subcontractor agreements between national and international operations
•Back-to-back clauses
•Choice of law and structure of contracts
•Collateral
•Public licenses
•Organization of the site
•Price adjustment clauses
•Litigation procedures
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