Comment on: Austin-Smith:Lord files for insolvency
Quote 'sounds like the management of AS:L gambled on a dodgy middle eatern country and lost'. The 'dodgy' country in question is Abu Dhabi (its on their website), you know the cash strapped emirate that owns Manchester City Football Club.
ASL employed a considerable number of architects and resources to project/s in Abu Dhabi incurring massive costs in the reasonable expectation that such a wealthy client with no apparant financial problems would be honurable and pay what they owe. This turns out not to be the case leaving ASL partners, directors, staff and everybody else owed money to carry the can, redundancies and all.