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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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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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A New Era of Procurement in Europe: Time for Bold Change

Open Contracting Partnership

With its mix of charm, history, and major public works set to transform its infrastructure for the future, Rome was the perfect backdrop for our event which was all about harnessing our collective knowledge to make procurement more results-driven, transparent, and impactful across Europe. This trend started long before Covid.

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Aggravating Australia’s Arbitration Ambivalence: Zeph’s ISDS Claims

Kluwer Arbitration

It had reinstated in late 2022 a policy over 2011-13 of not agreeing to ISDS in new IIAs. This is important indeed, but enhanced transparency risks aggravating issues, especially when complex. However, as with the JSCOT procedure in Parliament, enhanced transparency risks instead aggravating concerns in Australia around ISDS.

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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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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.

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The Sustainable Investment Facilitation Agreement Between the EU and Angola: A New Model for Investment Agreements?

Kluwer Arbitration

Scope of Application Differently from traditional investment agreements, the stated purpose of the SIFA is not only to foster foreign direct investment (“FDI”) (Article 1), but also to do so in a manner that integrates environmental and labour standards, transparency, and corporate social responsibility.