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Telecommunications Giant Telefónica Venezolana Agrees to $85 Million FCPA Settlement

Whistleblower Network News

agreed to pay $85 million to settle charges that the company violated the Foreign Corrupt Practices Act (FCPA) by engaging in a bribery scheme in Venezuela. According to the DOJ, “in 2014, Telefónica Venezolana participated in a government-sponsored currency auction in Venezuela that allowed it to exchange its Venezuelan bolivars for U.S.

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Evolution of Kosovo’s Investment Arbitration Law: Defining the Foreign Investor and the State’s Role in Arbitration

Kluwer Arbitration

04/L-220 on Foreign Investment (hereinafter, the “2014 Law on Foreign Investment”), which safeguarded foreign investors as a key element in promoting international economic cooperation and attracting foreign capital, has now been replaced by Law No. Kosovo Law No.

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Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

Article 8, for example, warns the procuring agency, “when first soliciting the participation of. contractors in the procurement proceedings, shall declare whether the participation of suppliers or contractors in the procurement proceedings is limited,” and any “such declaration may not later be altered.”

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EcuadorTLC II: A Shift in Investment Arbitration through the ‘Own Acts’ Doctrine

Kluwer Arbitration

Ecuador) in 2014. This resulted in a 2018 award that ordered Ecuador to pay 88% of the consortium’s liquidation value for the termination, excluding Petromanabi, a state-owned company that was a member of the consortium, with a 12% share, as it did not participate in the proceedings. 3E0.2022.0079.01) at Ghent University.

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

Open Contracting Partnership

Appreciation also to Albania’s Public Procurement Commission , which helped a sizable Western Balkan community to participate energetically. The lost decade: EU Auditor Helga Berger painted a sobering picture: we’ve lost a decade of progress in European procurement despite 2014 Directives. This trend started long before Covid.

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What we’re getting wrong about accountability and citizen empowerment

Open Contracting Partnership

David is the founder of reAcción , a grassroots anti-corruption civil society organization that empowers young people in Paraguay to fight for government transparency and social accountability. I work in anti-corruption, leading an organization that focuses on the education sector in Paraguay.

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I Know the Witnesses and I Will Believe Them; There is No Need for Cross-Examination: A Rare Example of Arbitrator Bias Before English Courts

Kluwer Arbitration

In this context it is important to recall that bias is not used in a pejorative sense, rather it means the absence of demonstrated independence and impartiality ( Yiacoub v The Queen [2014] UKPC 22 ). Trade expertise is to assist in understanding technical evidence, not to provide evidence for a party who has chosen not to participate.

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