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As several objectives of the 2014 reform remain unattained, we conclude that, the entry into force of the 2014 directives has had no demonstrable effect. (…) Also, as publication rates remain low, transparency, a key safeguard against the risk of fraud and corruption, is negatively affected. Its deadline was 18 April 2019.
These and other constraints under the model law are commendable anti-corruption measures, but may make it more difficult to accommodate emerging “green procurement” approaches. Both the European Union ( Directive 2014/24/EU , Art. Article 8, for example, warns the procuring agency, “when first soliciting the participation of.
Serious Irregularity The leading authority on Section 68 challenges is RAV Bahamas Ltd and another v Therapy Beach Club Inc [2021] UKPC 8 , which prescribes that intervention should be limited to ‘extreme’ cases and that the test of serious irregularity imposes a ‘high threshold’.
Altomart Limited [2014] WLR(D) 536 (“ Salford ”) at [41]. Altomart Limited [2014] EWCA Civ 1575 and reiterated by the High Court of Justice in Telnic Ltd v. Altomart Limited [2014] WLR(D) 536 (“ Salford ”) at [41]. 2) Limited v. and discourage parties from bypassing arbitration by presenting winding up petitions. 2) Limited v.
To provide a brief overview, in 2014, an arbitral tribunal seated in The Hague found that Russia had unlawfully expropriated Yukos’ assets in breach of the Energy Charter Treaty (“ ECT “) and awarded more than US$50 billion in damages to the Shareholders. and England.
In September 2014, a three-member arbitral tribunal issued the final award (“ Award ”) directing Avitel, its founder, and directors (“ Award Debtors ”) to pay USD 60 million as damages to HSBC. However, HSBC subsequently discovered that the invested money was siphoned off to different companies which led to the arbitration.
2014) enforced a supplemental award restraining the respondent to satisfy an interim award with escrowed funds. The threshold to challenge an interim award on the basis of its finality is lower in comparison to establishing whether such an interim award is binding or not. The judgment of Ecopetrol S.A. Offshore Expl. & & Prod.
Al-Warraq v Republic of Indonesia , UNCITRAL, Final Award (15 December 2014), para. To prevent even minor transgressions from falling under the clause, a threshold-requirement of serious violations could be introduced.
In December 2014, Colombia’s national environmental authority issued Resolution 2090 , delimiting the Santurbán Páramo in an almost identical area as the one contained in the 2007 Páramo Atlas, which overlapped with the area of Red Eagle’s mining titles. Mr. Martínez de Hoz, an arbitrator in this case, dissented.
In December 2014, Colombia’s national environmental authority issued Resolution 2090 , delimiting the Santurbán Páramo in an almost identical area as the one contained in the 2007 Páramo Atlas, which overlapped with the area of Red Eagle’s mining titles. Mr. Martínez de Hoz, an arbitrator in this case, dissented.
Such framing sets a higher threshold for establishing a violation of FET. In 2014, South Africa terminated its BITs with six European countries and in 2015 passed the Protection of Investment Act (“PIA”) , which will eventually replace all BITs. The PIA, which came into effect in 2018, introduced several changes.
For example, establishing the threshold for prejudice, setting standards for the recusal of arbitrators, outlining mandatory disclosure requirements, and building a body of precedent will be crucial to providing a comprehensive framework for the qualification of an arbitrator.
A high threshold is applicable to s. 22-825-cv, 12 July 2023 Tamsin Parzen, King & Spalding LLP, ITA Reporter for the United States On July 3, 2014, Plaintiff-Appellee Olin Holdings Limited (‘Olin’) initiated an ICC arbitration against the State of Libya (‘Libya’) under the bilateral investment treaty between Cyprus and Libya (the ‘BIT’).
With today's announcement of his resignation on the back of a corruption probe, the time of Antonio Costa as Portuguese Prime-Minister reached its end. The transposition of the 2014 Directives His first government transposed the 2014 Directives fashionably late in August 2017. But fashionably late it was nonetheless.
833/2014 are entitled to seek damages before the competent courts of Member States. Eligible Defendants Claims may be brought against any person identified in points (a), (b), or (c) of Article 11(1) of Regulation 833/2014 if they have benefited from decisions pursuant to Decree No. Key Features of Article 11b(1) A.
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