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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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European Court of Auditors publishes report on public procurement

Telles.eu

The European Court of Auditors published yesterday its report on EU public procurement between 2011 and 2021 , looking into the competition for public contracts covered by EU rules. We also note that some of the objectives of the 2014 reform may at times go against the overarching objective of ensuring competition in public procurement.”

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Director of UK’s SFO Advocates for Whistleblower Awards

Whistleblower Network News

According to data published by the SEC between 2011 and 2021 , whistleblowers in the United Kingdom are flocking to report to the SEC Whistleblower Program. Since the SEC Whistleblower Program was established in 2010, it has paid over $1.9 Notably, whistleblowers from outside the U.S.

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An End to the Taisei Saga in Pakistan

Kluwer Arbitration

Historical Background Historically, the enforcement of foreign arbitral awards in Pakistan required filing an application before the respective provincial High Court under Section 6 of the Recognition and Enforcement (Foreign Arbitral Awards and Arbitration Agreements) Act of 2011 (“2011 Act”).

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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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Enforcing Interim Awards in Pakistan – Finality or Binding?

Kluwer Arbitration

The Pakistani Law Approach Pakistan ratified the Convention through the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act, 2011 (“ 2011 Act ”). He further held that the finality of the award is not a requirement in the 2011 Act or the Convention.

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