Remove 2019 Remove Corruption Remove Negotiation
article thumbnail

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

Kluwer Arbitration

Brigitte Stern and Dr. Andrés Rigo Sureda (President) issued a final award (“Award”) in an investment treaty case PCA 2019-15 (“Dispute”), between Worley International Inc. In this post, we describe the factual background of the dispute and examine the jurisdictional and admissibility issues regarding allegations of corrupt and illegal acts.

article thumbnail

Guiding Cases 199-201 Issued by the PRC Supreme People’s Court—Further Steps Toward a Pro-Arbitration Regime

Kluwer Arbitration

and Singapore 2) For example, under the Payment Services Act 2019 of Singapore , cryptocurrencies are considered digital payment tokens regulated by the Monetary Authority of Singapore. In the authors’ view, that remains an open question. As a case in point, in Sun Dingshang v. As a case in point, in Sun Dingshang v.

Price 59
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Cross-Fertilisation in International Commercial Arbitration, Investor-State Arbitration and Mediation: The Good, the Bad and the Ugly?

Kluwer Arbitration

The relative paucity of Med-Arb clauses in cross-border contracts involving parties from some parts of the world may also help to explain the relatively few ratifications of the 2019 Singapore Mediation Convention. The overall growth in Med-Arb provisions in ICA has not yet had much impact on investment treaties and therefore on ISA.

article thumbnail

LIDW 2024: The Rise of African Arbitration – Is Africa Leading the Way?

Kluwer Arbitration

A perception of potential bias and cultural differences has expedited this shift, with local parties, often governments or government entities, insisting on local seats in their arbitration clauses when negotiating contracts. Should investors be pushing back on African seat proposals when negotiating arbitration clauses?

article thumbnail

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

Kluwer Arbitration

The Delhi High Court Judgment Following the Supreme Court’s decision, the resolution plan was implemented and Arcelor Mittal acquired Essar in 2019. In 2021, Indian Oil pursued claims against Arcelor Mittal for amounts allegedly owed under the GSA, now amounting to approximately USD 1.4

article thumbnail

A Never-ending Story? Dual Nationals in Investment Arbitration: A Commentary on Santamarta v Venezuela

Kluwer Arbitration

2019-11, Award dated 31 January 2022; Manuel García Armas et al v Venezuela , CPA 2016-08, Award on Jurisdiction dated 13 December 2019; Enrique Heemsen v Venezuela , CPA 2017-18, Award on Jurisdiction dated 29 October 2019).

article thumbnail

A Governance Revolution or Costly Distraction? Reassessing the promises of blockchain for public procurement governance

University of Bristol

Blockchain’s touted tamper-proofness and potential to enable smart contracts are driving initiatives that seek to create automated ‘trust in trustless environments’ for public sector use cases , in particular concerning activities highly-exposed to corruption risks and/or the automation of administrative procedures devoid of discretion.