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Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

authorities announced major settlements with defense contractor RTX (formerly known as Raytheon Technologies Corporation) over allegations that the company violated both the Foreign Corrupt Practices Act (FCPA) and False Claims Act (FCA). On October 16, U.S. Department of Justice (DOJ) announced a $950 million settlement while the U.S.

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Three Black Women Whistleblowers That Broke Silence and Caused Sweeping Reforms

Whistleblower Network News

As Black History Month transitions into Women’s History Month, WNN highlights Dr. Toni Savage, Bunny Greenhouse, and Dr. Duane Bonds, whose outspoken whistleblowing activity against corruption led to significant change. In 2011, she agreed to a settlement of $970,000 in full restitution of lost wages, compensatory damages, and attorney fees.

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Mongolia: Investment Related Developments in the Mining Sector

Kluwer Arbitration

In 2011, the tribunal ruled that the windfall profit tax did not breach the BIT. In 2020, the mining sector accounted for 21.6% Between 2005 and 2011, Mongolia experienced a substantial increase in foreign direct investment (“FDI”), surging from $187.6 State Department. million to $4.5 million in 2015.

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Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

As these common “green procurement” strategies are adopted by governments around the world, the UN Commission on International Trade Law (UNCITRAL) model law on public procurement , last revised in 2011, could be updated to facilitate implementation. the environmental characteristics of the subject matter.”

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CRCICA Launches New Arbitration Rules 2024

Kluwer Arbitration

Last updated in 2011, the CRCICA 2011 Rules (“ 2011 Rules ”), the 2024 Rules have been amended to meet the needs of users and evolving dispute resolution and trade landscapes. While the 2011 Rules contained 5 Sections with 48 Articles, the 2024 Rules contain 6 Sections with 56 Articles and 4 annexes.

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“Appropriate Legality” and Arbitration Reform in Pakistan

Kluwer Arbitration

The reason for this divergence is that Pakistan already has a law implementing the New York Convention that deals exclusively with foreign-seated arbitrations: the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act, 2011 (“2011 Act”). If a law achieves those ends, it is a good law.

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Do National Courts Really Give Effect to 90% of All International Arbitral Awards?

Kluwer Arbitration

federal courts between 2011 and 2019. We believe these findings provide a more accurate accounting of U.S. Based on our original dataset, we find that other empirical studies understate, sometimes dramatically, the rates at which U.S. federal courts give effect to awards. but still lower than the findings in other studies.

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