This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
For years, the benefits of transparency as a policy tool to increase accountability and counter corruption have been lauded. In public procurement, this has given rise to a global movement promoting procurement data transparency, a.k.a. open contracting. But what do these commitments look like in reality?
Improving transparency in public procurement, that is publishing more and better-quality data, supports accountability by enabling greater scrutiny over processes and outcomes as well as helping to achieve greater competition and better value for money. GTI-R/2020:1, Budapest: Government Transparency Institute. Full text PDF Adam, I.,
In India, according to the Ministry of Finance General Financial Rules (2017), all procuring authorities are responsible and accountable for ensuring transparency, fairness, equality, competition, and appeal rights in contracting.
GTI-WP/2020:01, Budapest: Government Transparency Institute. It establishes a robust methodology to explore what impacts can be measured and also explores the channels through which transparency is indeed impactful – e.g. who are the stakeholders and enablers that are the actual drivers of change using increased transparency.
3), complemented by new Internal Rules , in effect since 1 July 2023, in an effort to further promote transparency and efficiency. An SCCA study of Saudi arbitration-related case law between 2017-2022 revealed that out of 131 annulment applications brought in Saudi courts, 92% were denied and only 3.8%
Two prominent AI studies that were relatively successful in predicting outcomes of court judgments of the European Court of Human Rights (“ECtHR”) and the Supreme Court of the United States (“SCOTUS”) and took place in 2016 and 2017 respectively, sparked curiosity over this matter. These issues could be tackled before the award is rendered.
JAW is a premier event, signifying South Africa’s increasing prominence in international arbitration, particularly since implementing the International Arbitration Act in 2017. Prior to 2017, AFSA managed a modest tally of international arbitrations. The impact of these developments on AFSA’s caseload has been remarkable.
These were the public interest in: (i) the operation and practice of arbitration; and (ii) the desirability of public scrutiny as a means by which confidence in the courts can be maintained and the administration of justice made transparent.
It served as VIAC’s response to the increasing call of parties, counsel and arbitrators alike for greater transparency in arbitration through enhanced access to arbitral awards and their reasoning. It was first published in hard copy and has since also been made available on the Kluwer Arbitration database.
In 2017, SADC issued a revised model BIT , which, like the PIA, provides fair administrative treatment in the place of FET. In the same year, COMESA adopted a slight variation of fair administrative treatment in its 2017 investment agreement. See e.g., PSEG v Turkey , ICSID Case No. ARB/02/5, Award , ¶ 240; Infinito Gold Ltd.
The 2020 data strategy stressed that Public procurement data are essential to improve transparency and accountability of public spending, fighting corruption and improving spending quality. However, data from only 20% of all call for tenders as submitted by public buyers is available and searchable for analysis in one place [ie TED].
The ANM further reiterated this in April, August 2017, and December 2019. The tribunal stated Colombia acted transparently, publicizing the páramo delimitation, to the point that Red Eagle itself took the chance to participate in such delimitation.
The ANM further reiterated this in April, August 2017, and December 2019. The tribunal stated Colombia acted transparently, publicizing the páramo delimitation, to the point that Red Eagle itself took the chance to participate in such delimitation.
With more than 30 provisions improved in the 2024 Rules, which constitute the 10th edition of CIETAC’s arbitration rules, CIETAC is striving to provide parties and arbitral tribunals with more flexibility, efficiency, and transparency throughout arbitration proceedings. Under Article 48.2
SMART” stands for safe, mobile internet and mass data, artificial intelligence, revolutionary, and transparency. In 2017, an AI robot was first used to provide legal consultation services to parties, and the SCIA’s fully encrypted wireless hardware was adapted to online case handling and remote hearings. Version 2.0
This environment, according to Al Tamimi, should be characterised by efficient procedures, transparent processes, and robust legal frameworks. Al Tamimi also highlighted the need for continued collaboration between legal professionals, institutions, and governments to create a more arbitration-friendly environment in Kuwait.
Lord Thomas has already actively and effectively “rebalanced” to some extent the relationship between courts and arbitration by promoting best practice among international commercial courts through the Standing International Forum of Commercial Courts, which he established in 2017, and which now has about 50 member courts.
While the latter group has indeed contributed to an orderly improvement of the ISDS processes with focus on ethics, transparency and efficiency, the former group has forced terminations of several treaties and the triggering of sunset clauses with rather little tangible outcomes. Loukas Mistelis, Co-Editor-in-Chief Prof.
With today's announcement of his resignation on the back of a corruption probe, the time of Antonio Costa as Portuguese Prime-Minister reached its end. The transposition of the 2014 Directives His first government transposed the 2014 Directives fashionably late in August 2017. But fashionably late it was nonetheless.
Trust and transparency will be prioritized as more data is collected and leveraged. Overall, contractual guarantees, financial transparency, competitive choice and commitments to localized Canadian presence that nurture national talent are crucial to deliver taxpayer value through cloud partnerships while upholding public sector duties.
Unless and until Mongolia embraces a stable business environment that transparently creates and predictably implements laws and regulations, investors will likely find Mongolia too risky and opt for more competitive countries. This article provides an overview of Mongolia’s international investment climate and explores recent developments.
As Black History Month transitions into Women’s History Month, WNN highlights Dr. Toni Savage, Bunny Greenhouse, and Dr. Duane Bonds, whose outspoken whistleblowing activity against corruption led to significant change. In 2017, Dr. Savage spoke on her experience blowing the whistle as a keynote speaker at National Whistleblower Day.
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).
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content