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Construction Breakfast Briefings
The Legal and Financial Ramifications of Louisiana Senate Bill No. 218, La. R.S. 9:4815 (The Retainage Escrow Requirement)
Professionals from Phelps Dunbar LLP and HORNE LLP teamed up to present the effects and implications of the new La. R.S. 9:4815. This new law requires that retainage withheld on Louisiana construction projects be placed in escrow accounts rather than held by the owner.
In this session, we will review:
- How other states have handled similar requirements
- How we expect the Louisiana rules on this requirement to develop
- Considerations for creating and using these accounts on Louisiana projects
The escrow requirement will impact owners, architects, engineers and contractors who are working on and administering Louisiana projects. Gain useful insights into how this new law will affect you and your business.
Presented:
January 26-Baton Rouge, LA
Phelps Dunbar LLP
Claverie Room - 12th Floor
II City Plaza
400 Convention Street
Baton Rouge, LA 70802
January 28-New Orleans, LA
Phelps Dunbar LLP
Kennard Room - 20th Floor
Canal Place
365 Canal Street
New Orleans, LA 70130
