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On May 7, the Malaysian government launched its 2024-2028 National Anti-Corruption Strategy (NACS), a continuation of its 2019 National Anti-Corruption Plan (NACP) that ended in 2023. However, this unprecedented win was short-lived, with Malaysia regressing in the subsequent two years, falling to 57th in 2020 and 62nd in 2021.
Many of you will know that weve always been interested in opening up and improving the procurement and contracts that underpin mega-sporting events, which have – all too-often been – vectors for cronyism, corruption or massive mis-spending. We hoped to do this for Paris 2024 but it was not to be!]. You should get involved too.
The Corruption Cost Tracker: Quantifying the costs of corrupt contracting and the savings to be made from reform. GTI-R/2020:02, Budapest: Government Transparency Institute. It is highly vulnerable to corruption with estimates of losses amounting to 10-20%. Fazekas, M., Dávid-Barret, E., Basdevant, O. Full PDF
Challenge: Despite ongoing government reforms, corruption and inefficient spending remains pervasive in Kazakhstan’s public procurement. Finally, the Anti-Corruption Agency is proactively supporting the development of civic monitoring and has agreed to cooperate with the civil society coalition to monitor procurement.
The AML Act of 2020 broadened the scope of culpable actors, reporting requirements, transactional record keeping, penalties, and international collaboration. These provisions offer monetary awards and anti-retaliation protections to whistleblowers who report money laundering violations.
Successful challenges on this basis are rare: the English Commercial Court data recorded that in 2020-2021, only one out of 26 applications succeeded – a success rate of 4%. The Section 68 Challenge Section 68 is one of only a handful of narrow grounds on which arbitral awards can be set aside (or remitted to the tribunal) under English law.
The case was a straightforward application of the relevant legal test under section 24(1) of the EAA, set out in the Supreme Court judgement Halliburton v Chubb [2020] UKSC 48 ( see previous coverage here ) nuanced by the particular facts of a non-lawyer arbitrator. The principle is far too important to allow it to be passed over [….]”
Key Takeaway – The Decision Narrows Federal Government Authority to Prosecute Corruption by Local Officials By carving out rewards, or gratuities, offered and accepted after an official act, the Supreme Court has substantially narrowed the scope of Section 666. View the full article
In 2020, the tribunal rendered a quantum award , which ordered India to pay compensation in an amount totalling some USD 111 million, plus interest. What the Full Court Did Not Decide In light of the manner in which it resolved the appeal, the Full Court left open at least two other important questions.
Important discussions on international arbitration are formulated at an ever-increasing number of conferences, symposia, and events; keynote addresses set out thought-provoking proposals; the number of journals and reviews specializing in international arbitration has greatly proliferated; and even online blogs produce short yet interesting posts.
When we asked which issue areas are most important to you, we saw a deep alignment with our own increased investment in anticorruption, sustainability, and electronic procurement. These will be important points to double down on in our new strategy. More importantly, there was virtually no gap in our indicators across gender.
We are grateful to have the opportunity to showcase AFSA, one of Africa’s top five arbitral centres, as highlighted in the SOAS 2020 Arbitration in Africa Survey Report. This achievement will mark an important milestone in my professional career as I will become the first licensed to practice in both Bulgaria and South Africa.
The English Commercial Court’s September 4, 2020 decision in P&ID v. Given these varied outcomes, what seems to be more important are the circumstances and intervening factors leading to the application for the extension of time than the length of the delay, given that the delay is the organic breach sought to be corrected.
Back in 2020, we had reported on the Heemsen v. Corruption allegations in arbitration proceedings relating to Peru remain very common. Peru , where the tribunal dismissed Peru’s ratrionae materiae objection based on corruption allegations. Venezuela The dual nationals saga continued in Venezuela. As reported by Hon.
Impartiality and Independence of Experts Various rules on the use of party-appointed experts in arbitration, e.g. , the IBA Rules (2020) and the CIArb Protocol (2007), make clear that an expert’s role is to assist the arbitral tribunal (“tribunal”), and in so doing, to act with impartiality.
After that, several issues, not directly related to non-signatories but important for developing the pro-arbitral approach of Ukrainian courts, will be elucidated before proceeding to conclusions. Case Law Prior to the Berezan Case The judgement of the Civil Court of Cassation of the Supreme Court dated 21 May 2020 in case No.
Second, an important factor to consider is whether the interim measure is equivalent to the relief sought on the merits. Mr. Garcia Represa and Mr. Levy echoed the importance of timing and raised several other significant considerations. Views are those of the author only and are not intended to reflect those of ICC.
In December 2020, the Claimants commenced ICSID arbitration against Canada, alleging that these matters “wip[ed] out KS&T’s carbon allowances trading business” in Ontario in breach of investment protections under NAFTA. For these reasons, it is important that international investment protections are certain and clear.
Finally, the vast majority of African states (forty-two out of fifty-four) have now adopted the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards , including Malawi, Sierre Leone, Ethiopia, and the Seychelles since 2020. These steps have also been important for intra-African trade.
This privatisation captured substantial public attention and scrutiny, given the importance of the services provided by CTT and the fact that these services had been rendered by public entities for almost five centuries. By way of background, under Decree-Law no.
In cases where one party to the dispute is a foreigner, as well as in important cases that are purely domestic, the approval of the Assembly must also be obtained. Law will specify the important cases intended here.” A second level of approval has been added where one party to a dispute is a foreigner or where the case is “important”.
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.
2020-14, Final Award, Dec. After several months of negotiations and two Memorandum of Understanding (MoU) to try and resolve the problems, the contract was terminated by MOPC in February 2020. Paraguay carries important lessons for both parties, but specially for Paraguay, in both arbitration and contractual law. Paraguay”].
Guangdong Fa’anlong (2020) (“ Brentwood ”), where the court suggested that an ICC award seated in China should be enforced as a Chinese award, implying perhaps that Chinese courts would be more ready to accept supervisory jurisdiction over such awards going forward. 2023: China First Heavy Industries v.
Turning to Moscow, the RAC administered 362 disputes in 2023, with a significant increase in international cases, rising from 6 in 2020 to 81 in 2023. Technology What appeared to be common ground among the “elevator pitches” was the importance of dealing carefully and efficiently with the issue of technology.
When the USMCA entered into force on 1 July 2020, the general view was that the agreement would limit the ability of investors to file investment arbitration claims because the new rules offered limited access to the ISDS mechanism compared with NAFTA. 1 July 2020). 1 July 2020). Furthermore, investors from Canada and the U.S.
Efficient Record Management Turning to the second point of the checklist, the panel recalled the importance to have an efficient record management. of the 2020 LCIA Rules ), arbitrators were appointed by the parties in 48% of cases, thus reflecting that the parties’ agreement applies in priority. Lawyers need to be on top on that.
In a partial award issued on 13 June 2020, a majority of the tribunal rejected Gabriele’s counterclaim and set aside Delanson’s distribution to Gabriele based on a breach of the trusts and for an improper purpose. Relevantly, Gabriele filed a counterclaim seeking, inter alia , to set aside the trust on the grounds of mistake.
Vision 2030 highlights the importance of providing equal opportunities for men and women in all sectors. The SCCA appointed its first female mediator in 2020. Shaima Aljubran, as previously reported on this blog. That same year, KSA launched its Vision 2030 with the aim of achieving economic diversification in the KSA.
The general importance of climate change-related disputes can be measured on the steady increase of cases which are being brought by environmental advocacy organisations or governments in anticipation of the massive costs related to adapting to or mitigating climate change. 2 O 285/15 Essen High Court).
The COC appealed to the Supreme Court, which set aside the NCLAT judgment, highlighting the importance of the “clean slate” doctrine under the IBC. Indian Oil and other creditors appealed the plan to the National Company Law Appellate Tribunal (“ NCLAT ”), which modified the plan to “safeguard” the rights of the appellant creditors.
The 2020 European strategy for data ear-marked public procurement as a high priority area for the development of common European data spaces for public administrations. The two bottom layers, and in particular the data layer, are the ones doing all the heavy lifting. As always, ‘no data, no fun’ (see below 5).
In particular, the Court stated that recognition and enforcement proceedings cannot revisit allegations that should be heard before the tribunal that issued the foreign judgment, in this case, the arbitral tribunal (in the same vein, see Supreme Court recent decision on Case N° 124.338-2020 , dated 5 July 2023).
403/2020 (Civil) , Dubai Court of Cassation No. 5/2020 (Commercial) , and Dubai Court of Cassation No. 1016/2020 (Commercial). 403 of 2020 (Civil) , enforcement of the foreign award was refused because the award was signed only on the last page. The most important element has been the UAE’s legislative framework.
Stefan Deaconu (Court of International Commercial Arbitration, the Chamber of Commerce and Industry of Romania) emphasised the importance of maintaining trust in the arbitral process, tracing back to ethics, legitimacy, and personal reputation. of the VIAC Rules ). Delays often stem from the excessive and misleading presentation of documents.
decision 4A_306/2019 of 25 March 2020, para. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190 decision 4A_398/2021 of 20 May 2022, para.
Mr. Potsch then presented an updated analysis on how Brazilian State Courts applied the CISG between August 2020, and June 2023. Conclusion The 22 nd CBAr IAC not only allowed friends and colleagues to meet in person, but also brought to light important aspects regarding the interaction between arbitration and business contracts.
Drafting FM clauses related to ESG issues, parties should be aware of whether they wish to have defined criteria, either alone or in addition to a list of events, and whether these listed events, once occurring, are presumed to be FM events or whether they need to be proved ( e.g. , the 2020 ICC Force Majeure Model Clause ).
However, it was important to bear in mind that the new law only applied to international commercial arbitrations, and not domestic arbitrations to which the old law would still apply.
Following this legal regime, in October 2020, after a contentious shareholder resolution, several but not all of the Applicant’s shareholders initiated arbitration proceedings against the Applicant, seeking to invalidate the resolution.
In both arbitrations, Lima responded by arguing among other things that the Concession Contract and its modifications were void due to corruption. In May 2020, the First Tribunal rejected Lima’s arguments, granting Rutas damages for rate recollection. To get your free subscription to the ITA Arbitration Report, click here.
She brings national and international experience in leading disputes practices in Melbourne and in Paris as well as valuable in-house experience at the front end of projects and the back end of disputes in construction and energy—two of the most important industries at ACICA. Past interviews are available here.
In Brazil, however, a study coordinated by Center for Access to Justice, Process and Dispute Resolution Means (Najupmesc) at Fundação Getúlio Vargas’ Sao Paulo Law School and Canal Arbitragem in 2023, showed that the use of mediation in Brazil has grown in the last 10 years, especially during the pandemic, in 2020 and 2021 (see here ).
The decision on the claim for the grant of the casino licence (dismissed in the first arbitration) was thus not a preliminary question of prejudicial importance in the second arbitration. Decision 4A_256/2023 (6 November 2023) concerned the citizenship of a football player (A.) Please see Part II for further developments in 2023.
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