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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.”
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.
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.
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”).
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.
Between 2011 and 2021, single bids doubled, the number of bids halved, and direct awards surged. Data-powered red flags strengthen efforts to fight corruption. Europe’s upcoming Anti-Corruption Directive, with a new focus on prevention, could be a significant mandate to improve procurement data quality.
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.
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.
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.
Advance Technology (HK) Co Ltd [2011] 4 HKLRD 262 (“ Klöckner ”) in which Saunders J had held that the arbitration clause in question did not meet the requirements under its governing law of PRC law. Without this, an agreement is invalid by way of Article 18.
Accordingly, in May 2011, the Von Humboldt Institute issued Resolution No. In 2011, the environmental authority denied Eco Oro’s application for an environmental license for a large-scale mining project in a páramo , adjacent to Red Eagle’s mining titles.
Accordingly, in May 2011, the Von Humboldt Institute issued Resolution No. As indicated by the Tribunal, during 2010 and 2011, Eco Oro’s application for an environmental license in an adjacent mining zone to Red Eagle’s mining titles was seriously impacted by the Santurbán Páramo ‘s preliminary and temporary delimitation.
This is because arbitrations seated outside of Pakistan are already covered by the Arbitration Agreements and Foreign Arbitral Awards Act 2011 (“Act 2011”), which implements the New York Convention 1958 (“NYC”). A prior KAB post provided in-depth analysis of the essential features of the Draft Law.
federal courts between 2011 and 2019. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190 federal courts give effect to awards. forthcoming 2024).
However, these judgments arose in the context of enforcement of foreign arbitral awards under a 2011 statute implementing the New York Convention (“2011 Act”). The Bill does not affect the 2011 Act which will continue to apply to foreign awards and arbitration agreements. domestic arbitration).
2011); see also Symbion Power v Venco Imtiaz Construction Company [2017] EWHC 348 (TCC) (holding that parties to arbitration have a “ legitimate expectation that arbitral proceedings and awards will be confidential to [them].”). In In re Teligent, Inc., 1) In re Teligent, Inc. , 3d 53 (2d Cir. 3d 53 (2d Cir. ↑ 2 Art. 3d 53 (2d Cir.
1107-2010, Constitutional Court of Guatemala, Decision of March 15, 2011; No. 878-2010, Constitutional Court of Guatemala, Decision of March 15, 2011; No. 1783-2011, Constitutional Court of Guatemala, Decision of August 18, 2011; No.
2011-617 of 1 June 2011 ) or the 2024 Olympic and Paralympic Games ( Article 6 of Act no. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190
Building off this experience, the SIAC Secretariat conducted an empirical study with respect to the performance of SIAC Awards in India from 2011 to 2022. Importantly, no SIAC award was set aside or refused enforcement in India between 2011 and 2022.
It had reinstated in late 2022 a policy over 2011-13 of not agreeing to ISDS in new IIAs. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190
Even for disputes that stem from pre-insolvency rights and obligations, arbitration agreements should not be enforced against the liquidator where they affect the substantive rights of other creditors, to protect the policy aims of the insolvency regime ( Larsen Oil and Gas Pte Ltd v Petroprod Ltd [2011] SGCA 21, [45]–[50]).
The substantial award at issue is of a particularly high value and fraud and corruption elements arise in both the procurement of the underlying contracts and also the awards themselves. These rules replace the previous CRCICA Arbitration Rules 2011. Additional 2023 year in review posts are available here.
Energy and resources disputes have generated the highest total value of claims by sector since 2011. Almost 30% of energy-related matters that ACICA has handled since 2011 have involved solar or wind energy. It is also the sector that regularly entrusts ACICA with high value disputes. In 2024, this figure is at 60%.
More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190 First Majestic Silver Corp.
The previous ones referred to a preliminary measure (2010) and to an annulled arbitral award (2011). In both arbitrations, Lima responded by arguing among other things that the Concession Contract and its modifications were void due to corruption. 19,971 in 2004 that the Supreme Court of Chile has denied an exequatur. 730, Pourvoi No.
Spanish regional High Courts of Justice ( Tribunales Superiores de Justicia ) have heard applications to annul awards since the 2011 amendment to the Spanish Arbitration Law (“SAL”). The pro-arbitration approach shown by Spanish courts should serve to reassure international arbitration users when choosing a Spanish seat.
However, the case of Larkden Pty Limited v Lloyd Energy Systems Pty Limited [2011] NSWSC 268 has provided a level of some confidence that certain IP disputes are arbitrable in Australia. The position in Hong Kong, by contrast, is clearer as a consequence of the Cap. More coverage from Australian Arbitration Week is available here.
Since 2011, SIAC has administered over 1,400 cases involving Indian parties, with disputes exceeding SGD 20 billion. The second day of the Conference, in New Delhi, began with an Opening Address by Gloria Lim (CEO at SIAC), who highlighted how India had been a key partner in SIAC’s journey.
More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190
Factual Background The arbitration was initiated in 2012 by HSBC PI Holdings (Mauritius) Limited (“ HSBC ”) against Avitel Post Studioz Limited (“ Avitel ”) and its founder and directors under a Share Subscription Agreement executed in April 2011 (“ SSA ”). Under the SSA, HSBC had invested USD 60 million in Avitel to acquire 7.8%
The parties agreed to refer a question of law to the Supreme Court of South Australia on whether those proportionate liability statutes applied to a commercial arbitration under the Commercial Arbitration Act 2011 (South Australia) (“SA CAA”) ( a statute largely mirroring the Model Law ).
In 2011, the HCCH opted again to look into the possibility of drafting “a global instrument on matters relating to jurisdiction and the recognition and enforcement of judgments in civil and commercial matters.” The HCCH hence viewed the Choice of Court Convention as an important achievement, albeit one that required additional budling blocks.
1:18-cv-10024 (JLR), 23 May 2024 Lorna Maupilé, King & Spalding LLP, ITA Reporter for the United States of America In 2011, Respondent Offshore Exploration and Production LLC (‘Offshore’) initiated arbitration against Petitioner Ecopetrol S.A.
Revamped Rules Issued by the Cairo Regional Centre for International Commercial Arbitration (“CRCICA”) Last updated in 2011, the CRCICA recently revamped its rules which came into force on 15 January 2024.
This suggests that the intervention increased the level of competition in tenders that were already competitive, but it increased the share of high-corruption risk, single-bidder contracts in the very short-run. However, the average number of received bids increases by 0.5 bids without direct contracts considered.
More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190
In 2011, the Ontario Court of Appeal in Cargill applied a non-deferential standard of review from Canadian administrative law – the correctness standard – to a post-award challenge to the jurisdiction of a NAFTA tribunal. that an international arbitration tribunal acts within its jurisdiction.
Bianca Longo , from JusMundi, commented on the evolution of AI legal tools, which happened in three waves: (i) the first wave (2000-2011) was the introduction of certain AI-driven tools, such as Workflow, e-Discovery, Docusign etc.; (ii) In short time, the AI was corrupted by the users and started sending out violent messages.
The Guide surveyed several hot topics in international arbitration in addition to various topics covered by the 2011 edition , measuring the growth of arbitration over the last decade.
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.
In 2011, the tribunal ruled that the windfall profit tax did not breach the BIT. Between 2005 and 2011, Mongolia experienced a substantial increase in foreign direct investment (“FDI”), surging from $187.6 In 2006, the parties settled and the case was discontinued. State Department. million to $4.5 million in 2015.
On March 25, anti-corruption attorneys, whistleblowers, key researchers, and former DOJ officials gathered in Paris, France to present a side panel at the Organisation for Economic Co-operation and Developments (OECD) 2025 Global Anti-Corruption & Integrity Forum. transnational whistleblower laws to report corruption and fraud.
FG Hemisphere Associates LLC [2011] HKCFA 41. The PRC’s robust stance in favor of its now-abandoned absolute theory was made crystal clear by the interpretation issued by the Standing Committee of the National People’s Congress (“ NPC ”), i.e. , the PRC’s central legislature, in the Democratic Republic of the Congo and Others v.
For example, the Draft Acts scope is limited to domestic arbitration because Pakistan has a separate statute for foreign awards Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act, 2011 (2011 Act) that incorporates the New York Convention 1958. In China Water & ElectricCorporation (CWE) P.R.
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