X2 Changes in the law - State Funeral

We are currently debating whether the proclamation of the state funeral is considered a change in law and as such give rise to a compensation event on contracts containing secondary option clause X2: Changes in the law ?

The Banking and Financial Dealings Act 1971 allows for such proclamation so the question is whether there has been a change to the underlying legislation?

1 Like

I am yet to research the associated documentation and notices, although this would probably follow the same principles as the Jubilee celebrations (see link for details)

https://journals.cices.org/ces/construction-law-review-2022-2023/features/changes-in-the-law-and-nec4-option-x2

1 Like