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European Court of Auditors publishes report on public procurement

Telles.eu

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.

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Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

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.

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Pakistani Energy Sector Parties Challenge Arbitration Awards in the English High Court on the Grounds of ‘Serious Irregularity’

Kluwer Arbitration

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’.

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Arbitration Agreements and Insolvency Proceedings: Comparing the Pro-Arbitration Perspectives in Singapore, the United Kingdom, and India, and Calling for International Consensus

Kluwer Arbitration

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.

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Sovereign Immunity and Issue Estoppel: English High Court’s Latest Decision in the Longstanding Yukos v. Russia Enforcement Saga

Kluwer Arbitration

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.

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Arbitrator’s Bias as a Ground for Challenging a Foreign Award: The Indian Perspective

Kluwer Arbitration

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.

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Enforcing Interim Awards in Pakistan – Finality or Binding?

Kluwer 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.

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