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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.
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]).
However, such developments do open up the possibility of Australia advancing an “investment court” alternative to ISDS when reviewing older IIAs and negotiating new ones. It had reinstated in late 2022 a policy over 2011-13 of not agreeing to ISDS in new IIAs.
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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.
Since 2016, Mongolia has been working to establish a new model BIT to guide the negotiation of new BITs and the renegotiation of existing BITs. In 2011, the tribunal ruled that the windfall profit tax did not breach the BIT. In 2006, the parties settled and the case was discontinued. State Department. million to $4.5 million in 2015.
Procedurally, the clause was embedded in fine print and drafted in a way that disadvantaged the consumer, making it difficult to understand or negotiate. In this case, the California Supreme Court ruled that the arbitration clause in question was unenforceable due to both procedural and substantive unconscionability. Concepcion 563 U.S.
The 2024 Rules maintain the flexibility of its source, the UNCITRAL Arbitration Rules, but also include a number of key amendments which have been discussed in a previous post with further details provided by CRCICA in a comprehensive comparison between the current Rules and the 2011 Rules. Significant Arbitration Cases a.
NORI) has held an exploration license for manganese nodules in the Clarion Clipperton Zone, the area with the highest deposits, since 2011. However, per the wording of the provision, it only covers the rejection of a contract or a legal issue arising during the negotiation of the contract with a future contractual partner.
PEL signed a Memorandum of Interest (MOI) on May 6, 2011 with the Ministry of Planning and Development and the Ministry of Transport and Communication (Award, para 163). The parties agreed to a feasibility study, with the costs borne by PEL.
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