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The Court considered that “the suggestion that it was unnecessary to call any expert witnesses was plainly not an expression of a balanced and impartial view, or merely a concern about the hearing over-running, or an attempt by the arbitrator to impose an orderly and economical procedure on the parties.”
By the end of 2020, the debt-to-GDP ratios had increased by 10 percentage points (pp) compared to pre pandemic levels in the average emerging economies. Three important variables worth highlighting are borrowing costs, primary balances, and exchange rates. The COVID-19 pandemic had a very large impact on government finances.
Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.
The importance and positive contribution of public procurement law to the adequate management of public funds may seem difficult to appreciate in ordinary times, and there are recurrent calls for a reduction of the administrative burden and bureaucracy related to procurement procedures, checks and balances.
The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said. Every year, The Hackett Group surveys global organizations to better understand their top priorities. Next Steps.
The experience with the implementation of fiscal rules in Latin America and the Caribbean (LAC) shows that compliance with fiscal rules is far from perfect, and understanding the multiple factors that influence compliance is key to enhance the effectiveness of this instrument to promote the sustainability of public finances.
Arbitrations evolution has intensified during the time of my editorship and has influenced the ways in which public discourse on arbitration is currently conducted. 3802803 of 2020. Bhaskar Raju judgment. The subject matter of this case had already been decided by a five-judge bench in N.N.Global Mercantile Pvt. Indo Unique Flame Ltd.
Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Yet in 2020, over two million people purchased goods online. To accommodate changing shopping behaviors and deliver experiences that delight customers, retailers will need to find the right balance. Rethink What’s Normal.
First, the panelists discussed the concept of “controlling influence”, which, as Dobrý pointed out, varies in practice, and is not limited to structural ownership and can manifest via the exercise of veto power or the power to appoint board members. Delays often stem from the excessive and misleading presentation of documents.
The panel however agreed that a good balance is to be found, first because not everything should be recorded, but also because a too strict or inefficient record management can lead to a considerable loss of time and productivity. For example, in 2023, there was an institutional appointment by the SCC in 37% of cases.
GTI-WP/2020:01, Budapest: Government Transparency Institute. We balanced these considerations for and against applying a longer time-frame by selecting one year before and after the transparency intervention which limits the incidence of confounding factors while also taking care of seasonality biases. Fazekas, M. & & Tóth, B.
You’ll also compile inventories, evaluate products, influence workforce development, prioritize projects, remove barriers, document use cases , assess performance, implement internal controls, and ensure your agency’s AI efforts comply with a host of existing laws and policies. But wait, there’s more!
CPI-U Month Increase/Decrease Over Previous 12 Months December 2020 +1.4% November 2020 +1.2% October 2020 +1.2% September 2020 +1.4% August 2020 +1.3% July 2020 +1.0% June 2020 +0.6% May 2020 +0.1% April 2020 +0.3% March 2020 +1.5% February 2020 +2.3% January 2020 +2.5%
This cumulative approach aligns with parties expectations and balances interests across jurisdictions, promoting consistency in outcomes. In 2020, Seychelles acceded to the Convention. Second, the declaration that Seychelles made in 2020 when it acceded to the Convention contradicts Article 147(1) of the Commercial Code.
Dispute Prevention and Mitigation This topic, preliminarily considered in 2020 , progressed significantly in 2024. The outcomes of 2024s deliberations are poised to influence ISDS reform efforts in 2025 and beyond. In 2024, Working Group III considered the draft guidelines on prevention and mitigation at its 47th session. Angela Ray T.
Guangdong Faanlong (2020), noting that PRC courts were likely shifting towards the seat standard in determining an awards nationality and as a result, assuming the supervisory role over China-seated arbitrations administered by foreign arbitration institutions. Our Blog reviewed the Chinese judicial practice after Brentwood v.
If we only look at international arbitrations with no Swedish parties, disputes initiated between 2020 and 2024 were, on average, concluded within 13 months. Each decision is tailored to the specific circumstances of the case, ensuring a balanced, competent, and diverse tribunal. Why is the duration of such importance?
The PAP includes other directives and guidance that raise questions regarding equity and balance in the evaluation and negotiation of FSS pricing terms. 1] The September 9, 2020 interim rule covered in this alert was finalized by the FASC on August 26, 2021.
Her commitment to balanced and thoughtful acquisition policy has set a standard for integrity and innovation in Federal procurement, and her transparent approach has fostered trust and collaboration among industry partners and stakeholders. Fields career is a testament to dedication, professionalism, and excellence in public service.
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