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Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

authorities announced major settlements with defense contractor RTX (formerly known as Raytheon Technologies Corporation) over allegations that the company violated both the Foreign Corrupt Practices Act (FCPA) and False Claims Act (FCA). On October 16, U.S. Department of Justice (DOJ) announced a $950 million settlement while the U.S.

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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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The Annual ICC FIDIC Conference Recap (Part I): Challenges and Emerging Trends in Construction Dispute Resolution

Kluwer Arbitration

While the FIDIC’s 1999 Silver Book does not mention concurrent delay, the 2017 version requires the parties to adopt rules and procedures to deal with this issue. In 2017, the English court held that there is no policy reason why such anti-concurrency clause should not be upheld (North Midland Building Ltd v Cyden Homes Ltd [2017] EWHC).

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Arbitration With Public Entities in Brazil: Must Regulatory Agencies Participate?

Kluwer Arbitration

In January 2017, the sole arbitrator granted SANESSOL’s requests (“Award”). 2 in March 2017 (“Ordinance”) (i) prohibiting any tariff revisions; as well as (ii) expressly mentioning that the ARSAE (ii.a) Pursuant to Municipal Decree No. Former STJ Justice Prof. Despite the Award, the ARSAE published Ordinance No.

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SCC Arbitration Institute Explores Security for Costs in International Arbitration

Kluwer Arbitration

The parties’ “war chests” and ever escalating party costs raise questions of equality of arms in the proceedings and affect their willingness to enter into settlement negotiations as well as the terms of such settlement. Costs can also act as a deterrent in arbitral proceedings for sanctioning unwarranted delays.

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Clean Slate: The Interface Between Arbitration and Insolvency Processes in India

Kluwer Arbitration

Background In 2017, Indian Oil issued a notice of arbitration against Essar under a gas supply agreement (“ GSA ”). In this post, we consider the interface between arbitration and insolvency in India, in light of the Indian Oil judgment and other recent decisions.

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Interviews with Our Editors: In Conversation with Datuk Sundra Rajoo, Director of the Asian International Arbitration Centre (AIAC)

Kluwer Arbitration

Since its inception, the Centre has evolved into a global hub for ADR, being built from ground up especially after I took over in 2010, starting with only 22 cases in 2010 and recording 932 cases in 2017. I am gratified to be back at the helm of AIAC five years after my previous tenure.