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

Whistleblower Network News

According to the SEC, Raytheon violated the FCPA as it “used sham subcontracts with a supplier to pay bribes of nearly $2 million to Qatari military and other officials from 2011 to 2017 to obtain Qatari military defense contracts.” 428 million of the total $950 million DOJ settlement stems from the FCA violations.

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ProcureWare Product Tip – Top 10 new features for 2017

Procureware

As a group of us were reminiscing about all the changes we’ve had in 2017, the conversation turned to how proud we are of all the product advancements we’ve made over the past year. In 2017, we added functions for tracking any kind of supplier certification that could include HIPPA, ISO, Fed RAMP, or any other.

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Mongolia: Investment Related Developments in the Mining Sector

Kluwer Arbitration

Mongolia was an UNCITRAL arbitration under the Russia-Mongolia BIT involving the imposition of a windfall profit tax on gold sales exceeding a certain price. In 2017, the tribunal concluded that it did not have jurisdiction ratione materiae over the claimants’ expropriation claim. The tribunal awarded $80 million in damages.

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Using the WTO Trade Remedies Committees as a Forum to Resolve Trade Frictions

Import and Trade Remedies

1] Similarly, with respect to goods imported under an inward processing regime, the Commission’s practice is inconsistent; it has excluded such imports in determining export price in some cases, while in other instances, it has included such imports. [2]

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Government Contracts Issues for a Recession

Procurement Notes

Particularly, the Personal Consumption Expenditures Price Index (“PCE”) core inflation rate for January 2024 was 2.8%. [30] 33] Importantly, since the inflation high water marks of 2022, mostly what has occurred is disinflation (decrease of the inflation rate), not actual deflation (price decreases). down from 5.5%

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United States: Any Port in a Storm: USTR to Investigate Chinese Shipbuilding Subsidies

Import and Trade Remedies

Indeed, the invocation of Section 301 in 2017 and 2018 resulted in widespread duties on Chinese goods, which remain in effect today.

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Friday Flash 01/05/2024

The Coalition for Government Procurement

Potential Changes to FSS EPA Clauses As you know, one of the Coalition’s priorities in 2022 and 2023 was to increase flexibility in the application of Economic Price Adjustments (EPAs) in the Federal Supply Schedule (FSS) program during a time of historic inflation. To register, click here.

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