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Foreign Corrupt Practices Act Update: Considerations Around Voluntary Disclosures

GovCon & Trade

Two recently announced Foreign Corrupt Practices Act (FCPA) settlements involving reinsurance companies demonstrate what happens when the rubber hits the road. Correspondingly, this is yet another important factor to consider in determining whether to make a disclosure. Jardine Lloyd Thompson Group Holdings Ltd.

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Vatican Recognizes Importance of Financial Whistleblowers with New Procedures

Whistleblower Network News

On January 24, the Vatican issued new procedures on whistleblowing , recognizing the critical role whistleblowers play in exposing corruption and financial misconduct. The new document expands upon procedures first laid out in 2019 for reporting financial anomalies to the Office of the Auditor General.

Import 97
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Worley International Services v. Ecuador: The What, When and How in Corruption Allegations

Kluwer Arbitration

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.

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Supreme Court Rules Gratuity Insufficient For Conviction Under Federal Bribery Law

Government Contracts Legal Forum

Key Takeaway – The Decision Narrows Federal Government Authority to Prosecute Corruption by Local Officials By carving out rewards, or gratuities, offered and accepted after an official act, the Supreme Court has substantially narrowed the scope of Section 666. View the full article

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Wolters Kluwer Takes Over European Investment Law and Arbitration Review From Brill

Kluwer Arbitration

Since 2016, when the first issue of the European Investment Law and Arbitration Review was published, the Review has tracked developments in the new and increasingly important field of European investment law and arbitration. The Review will continue to feature long and short articles as well as case notes and book reviews.

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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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The 2023 SIAC Draft Rules: Raising the Bar for Efficiency

Kluwer Arbitration

Emergency Arbitration The SIAC Rules 2016 (“ 2016 Rules ”) allow a party to apply for the appointment of an emergency arbitrator along with or following the notice of arbitration. The procedure has seen substantial interest from users, with 56 applications filed since 2016. USD 715,000, and USD 1,330,00 (approx.).