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As the largest portion of the economy that is directly in government’s hands, public procurement is now at the forefront of interventions in digitizing government business, and advancing inclusive development, sustainability, and open government. This was not always the case.
Visconte briefly traced the history of the infrastructure debate, from ancient civilizations such as the Aztecs, Greeks, Incas, and Romans to modern-day discussions on sustainability. 13,129/2015 , which expanded arbitration’s scope, especially in infrastructure-related disputes involving public administration.
While the Investment Protocol and the Model BIT deal with different subjects, they both aim to promote investment and trade in Africa without compromising African states’ abilities to implement necessary national policies and achieve their sustainable development goals. These features, however, are not new.
A separate dispute resolution provision, with an integration clause, was formed when Cypress Semiconductor Corporation (“Cypress”) signed a Distributor Agreement with Fujitsu Electronics Inc. (“Fujitsu Electronics”), a subsidiary of Fujitsu Semiconductor, in 2015 after Cypress merged with Spansion. Opus Bank , 796 F.3d
The new NAI Rules, which had been last revised in 2015 , introduce a number of innovative features and aim to provide for more efficient and expeditious dispute resolution, thereby responding to the needs and increased sophistication of users of international arbitration.
Understanding the procurement act 2023 reform allows public sector customers to mitigate risks, implement accountability, and sustain compliance. These requirements safeguard against legal arguments, financial losses, and assistance disruptions while upholdingprocurement regulationscreated to promote clarity and fairness.
Current Challenges in ISDS Kenneth Beale addressed the developments around sustainability, climate change and the Energy Charter Treaty with respect to ISDS.
According to a 2021 study , since the 2015 Dutch court decision (upheld on appeal) in Urgenda v. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190
It will need a multi-faceted approach involving global cooperation, innovative technologies, adaptable dispute resolution mechanisms, and sustainable policies. All are available to watch in full here.
We see some early signs of a potential impact in selected cases where a longer time window or more investment into user take-up may lead to robust, sustained, systemic change. robust to alternative sub-samples or to the use of different indicators tapping into the same concepts). These deserve further investigation.
10 and Annex II of Angola-Brazil Bilateral Investment Treaty (BIT) 2015 ; and for an overview of current investor obligations Bueno / Yilmaz Vastardis / Ngueuleu Djeuga , “Investor Human Rights and Environmental Obligations: The Need to Redesign Corporate Social Responsibility Clauses” SSRN ). 1 Netherlands Model BIT 2019 ), CSR clauses (e.g.
Department of State), Margie-Lys Jaime (Legal Adviser, Office of Investment Arbitration, Ministry of Economy and Finance, Republic of Panama), Ladan Mehranvar (Senior Legal Researcher, Columbia Center on Sustainable Investment (“CCSI”)) and Marie-Claire Argac (Partner, Curtis, Mallet-Prevost, Colt & Mosle LLP). Mr. Bigge and Ms.
The central role of private investors in the climate transition was recognized already in the 2015 Paris Agreement , which emphasizes the importance of finance and investment in operationalizing the goal of limiting global warming to 1.5°C C above pre-industrial levels. Article 2.1(c)
In June 2015, Colombia enacted Law 1753 , ratifying the mining ban in páramos , but reviving a grandfathering provision alike Law 1382. This decision not only safeguards Colombia’s sovereignty but also underscores its commitment to environmental conservation and sustainable development.
NHS commissioning is currently subjected to both the Public Procurement Regulations 2015 (PCR2015, aka the UK’s copy-out transposition of Directive 2014/24/EU) and the National Health Service (Procurement, Patient Choice and Competition) (No. 2) Regulations 2013. Each of these criteria are explained in more detail in the proposal’s Annex.
See, e.g., Brazil-India BIT (2020) ; Brazil-Ethiopia BIT (2018) ; Brazil-Malawi BIT (2015).) 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.
This is, in the words of Italy’s diplomacy , “to have secure, stable and predictable supplies at competitive prices for households and businesses, without failing to meet the binding commitment to long-term sustainability…” under the Paris Agreement.
More recent advancements in Mongolia’s international investment initiatives include the Canada-Mongolia BIT (2016) and Japan-Mongolia Economic Partnership Agreement (2015) (which replaced and superseded the Japan-Mongolia BIT (2001) ). million in 2015. million to $4.5 billion in 2013 and further dropping to less than $95.0
Significant global and arbitration-specific changes have both occurred since the release of the previous set of rules in 2015. The amendments brought with the 2024 NAI Arbitration Rules have been made in a spirit of modernisation by addressing contemporaneous concerns such as transparency, efficiency, or sustainability.
However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.
Another consumer filed a similar complaint against United Airlines regarding alleged misleading claims about its sustainable aviation fuel. The arbitration was governed by foreign law and the arbitrator thus did not consider the protections provided to UK consumers under the UK Consumer Rights Act 2015.
To sustain future growth, Argentina will focus on large scale investment among other strategies. Costa Rica: Enhancing Clarity for International Cases In August 2024, Costa Rica has unveiled its first green taxonomy , hoping to guide investors towards sustainable projects in a nation whose rich biodiversity is increasingly under threat.
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