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By Torplus Yomnak, Co-Founder of HAND Social Enterprise and the Director of the Knowledge Hub for Regional Anti-Corruption and Good Governance Collaboration (KRAC) In May 2021, amid the pandemic lockdowns, a villager in Thailand took a stroll on the outskirts of their town, making an unexpected discovery that would stir the local community.
On May 7, the Malaysian government launched its 2024-2028 National Anti-Corruption Strategy (NACS), a continuation of its 2019 National Anti-Corruption Plan (NACP) that ended in 2023. billion per year and, using figures from the World Bank, make the average cost of corruption around 3% of annual GDP.
In 2018, the agency was told by the Government Accountability Office (GAO) to update its regulations to better incentivize whistleblowers. Thanks to the whistleblowers, the agency was able to hold criminals accountable and in numerous cases halt ongoing wildlife crime schemes.
10/2023 dated 24 October 2023 , the General Assembly of the Dubai Court of Cassation decided to reverse a position introduced by the Dubai Courts of Cassation in around 2013 (see, e.g., Case No. 379/2013 (Real Estate) , ruling of the Dubai Court of Cassation; and then also affirmed in Case No. In a recent decision, Case No.
Diversity of Relevant Standards on Misconduct in International Arbitration The panellists first addressed the framework applicable to the behaviour of actors involved in international arbitration proceedings, and in particular the IBA Guidelines on Party Representation in International Arbitration (the “IBA Guidelines”) adopted in 2013.
Similar to the 2011 Rules, the 2024 Rules continue to be loosely based on the UNCITRAL Arbitration Rules , as revised in 2010 (amended in 2013 and 2021), which leaving a wide room for party autonomy. The methodology of the comparison is explained in the first comment of the first page of the document.
Another exciting development is the imminent opening of our new Beijing office, which will be HKIAC’s third office outside of Hong Kong, following the establishment of the Seoul office in 2013 and the Shanghai office in 2015. Xi Zhang will take the reins as Chief Representative for the Beijing office. Past interviews are available here.
In that case, the court concluded that crypto assets held by an exchange were held on trust for account holders. Instances like the D’Aloia v (1) Persons Unknown (2) Binance Holdings Limited & Others highlight attempts to hold exchanges accountable for facilitating fraudulent activities. Cryptopia as an illustration.
2) Regulations 2013. In my view, it would mainly create an ex ante layer of accountability that (while welcome in principle) would burden commissioners and in most cases result in the tendering of contracts anyway , but subject to under-specified rules.
And so is their interplay (for a more detailed account of the relevant questions, see Kehl & Wuschka, ZEuS 2024 , 59 (67 et seq.)). This post addresses the legal parameters for the UK’s withdrawal and its interaction with the modernization efforts.
“I strongly agree we should have an annual designated National Whistleblowers Day to acknowledge their inestimable contributions to government accountability and transparency,” Dellinger added. Each year since 2013, the U.S. Senate has unanimously passed a resolution designating July 30 as National Whistleblower Day.
Notably, the inclusion of provisions regarding anti-corruption, although framed as involuntary, applies only at the domestic legal level, thus avoiding broader discussions around internationalizing binding anti-corruption measures.
However, the tribunal did find that Mongolia breached the fair and equitable treatment protection in the BIT by taking ownership of the gold, exporting it abroad for refining, and depositing it or its value in an unallocated account in England to increase the country’s currency reserves. In 2020, the mining sector accounted for 21.6%
The ICSID tribunal rendered its award in December 2013, finding that Romania had breached its BIT obligations and ordering the State to pay approximately EUR 178 million, representing damages for the period between the repeal of the incentives and their scheduled expiration date in 2009.
The new bilateral investment treaty (BIT) between India and the United Arab Emirates (UAE) entered into force on 31 August 2024 (replacing an earlier 2013 treaty between the two nations). Of course, such enforcement will have to be by way of a suit on the award and not under the Arbitration Act.) Paragraph 4.2.6
It is however a factor for a fair-minded observer to take into account given the ICC Court’s experience in determining such challenges and the fact that such challenges rarely succeed. 73 of the Arbitration Act, there are a number of factors to be taken into account. In determining whether to grant an extension of time for a s.68
Both the tribunal and the Swiss Supreme Court declared the state’s objection based on the Achmea case to be inadmissible, on account of its timing. Background of the Case The arbitration in question was initiated in May 2013 by Dutch-registered Natland Investment Group and related companies (Natland) against the Czech Republic.
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