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We have published SPPN 5/2023 on updates to procurement thresholds

Scottish Government Procurement

We have published a new Scottish Procurement Policy Note (SPPN) on updates to procurement thresholds SPPN 5/2023. This policy note provides changes to financial thresholds to the Public Contracts (Scotland) Regulations 2015, the Utilities Contracts (Scotland) Regulations 2016 and the Concession Contracts (Scotland) Regulations 2016.

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How to Prevent Debt from Hurting Economic Growth

Inter-American Development Bank

This means that there is a tipping point, or threshold, at which higher debt levels become detrimental to growth. The debt threshold is not the same for all countries because it can be influenced by different factors such as the economic structure, for example. For LAC countries, this threshold is at approximately 53 percent of GDP.

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Procurement Act - Key Facts and Figures

VWV

Consilidation The Procurement Act 2023 will be a consolidation of: Public Contracts Regulations 2015 Concession Contracts Regulations 2016 Utilities Contracts Regulations 2016 Defence and Security Public Contracts Regulations 2011 but will need to be read alongside the The Procurement Regulations 2024 and the National Procurement Policy Statement 1.

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The 2023 SIAC Draft Rules: Raising the Bar for Efficiency

Kluwer Arbitration

b) proposes raising the monetary threshold for Expedited Procedure from SGD 6,000,000 to SGD 10,000,000, positioning SIAC as the institution with the most substantial threshold amount in place for Expedited Procedure. The procedure has seen substantial interest from users, with 56 applications filed since 2016. Draft Rule 14.1(b)

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

Kluwer Arbitration

The underlying dispute concerned unpaid invoices under a Gas Supply Agreement (‘ GSA ’) entered into by the Parties in 2016 for the purchase of Regasified Liquefied Natural Gas (‘ RLNG ’) from Sui Northern Gas Pipelines (‘ SNGPL ’). The LCIA arbitral award (the ‘ Award ’) which was challenged involved a withdrawal of PKR 3.3 8.5m) and PKR 9.23

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Asia Pacific: Vietnam to Propose Updates to Regulations On Civil Encryption Products

Import and Trade Remedies

58/2016/ND-CP and its amendments related to cyber information security, including the export/import of civil encryption products (referred to as the “Draft Decree”). Monetary Fines and Penalties: The maximum monetary fine is set at VND 200 million, which is four times the threshold in Decree No. 58/2016/ND-CP.

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At Long Last: CAS Board Seeks Input Regarding CAS Coverage of Indefinite Value Contract Vehicles

Government Contracts Legal Forum

The Board noted that it intends to consider a number of criteria in making its determination, including the parties’ respective risks, oversight and compliance burdens, the encouragement of robust competition, minimizing complexity, and the promotion of consistency in the application of CAS.