2016 Balance Corruption 
University of Bristol
NOVEMBER 15, 2021
It should then not be surprising that the possibility that artificial intelligence (AI) could ‘change the rules of the game’ (eg Santiso, 2019 ) and bring procurement corruption to an end is receiving significant attention.
Kluwer Arbitration
APRIL 2, 2024
On its part, the Respondent raised several objections to the jurisdiction of the Tribunal, specifically pointing to several instances of corrupt and illegal acts allegedly committed by Worley at the making and during the operation of the investment. Worley may have willfully failed to monitor and investigate Tecnazul’s corrupt activities.
Kluwer Arbitration
DECEMBER 13, 2024
In 2016, the KSA launched the Saudi Vision 2030 , an initiative to, among others, attract foreign and domestic investment by improving the regulatory environment and enhancing business opportunities. The Kingdom of Saudi Arabia (“KSA”) is undergoing a transformative shift in its economy. Notably, Article 4.1
Kluwer Arbitration
MAY 5, 2024
He supported this position by referring to India’s termination of 76 of 87 of its BITs in 2016. Ever since then, the Indian government has taken a more cautious approach with the 2016 India Model BIT (“India Model BIT”). The shift in India’s position has become more visible after the White Industries award and subsequent cases.
Kluwer Arbitration
MAY 12, 2024
In parallel, the award was also challenged before the German courts, so far resulting in the Pechstein Decision reversing a judgment of the German Federal Court of Justice ( Bundesgerichtshof ) dated 7 June 2016 ( KZR 6/15 , previously discussed here ) and remanding the case to the Higher Regional Court of Munich. 40 et seq.).
Kluwer Arbitration
AUGUST 12, 2024
In both cases, the tribunals decided complex international business disputes solely on the basis of the 2016 edition of the UNIDROIT Principles. Two recent arbitral awards support the latter view.
Kluwer Arbitration
JANUARY 17, 2024
Legal Position in India General Scheme of India’s Insolvency Regime The law relating to the Corporate Insolvency Resolution Process (“ CIRP ”) in India is codified in the Insolvency and Bankruptcy Code, 2016 (“ IBC ”), which distinguishes between financial creditors and operational creditors. 13) Telnic at [29]-[32]. Axis Bank Ltd.
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