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The UNCITRAL Draft Codes of Conduct and Commentary (2022) recommended abolition of double hatting while introducing an extensive disclosure regime. Furthermore, such disclosure obligations have already been satisfactorily addressed by the new ICSID Arbitration Rules 2022 following the annulment decision in Eiser v Spain (2020).
Whistleblower advocates argue that these restrictions dissuade potential whistleblowers from engaging with the program, interfering with the agency’s objective of identifying corruption. In 2022, Krupski was fired for bad behavior, poor time management, and being a “negative influence.”
In the 2022 case of Omega Engineering LLC and Oscar Rivera v. Additionally, the Claimants claimed that Panama’s actions included a smear campaign, which involved a criminal investigation into corruption allegations against Mr. Rivera, damaging his global reputation. Republic of Panama (ICSID Case No.
Amid concerns over the influence tech companies wield, States are starting to insulate their economies from perceived foreign risks of influence, while seeking to champion home-grown tech juggernauts. These changes have profound political, economic, and societal implications. As observed by Henry A.
These changes significantly influence the process of accrediting arbitrators and the enforcement of arbitral awards. The Report also highlights the Indian Council of Arbitration’s introduction of new rules in 2022 and discusses the 2023 initiative towards reforming the Indian international arbitration framework.
In a survey conducted by the Global Arbitration Review (GAR) in 2022 on hearing centre preferences, AIAC was ranked at the forefront among other international institutions, having the highest number of hearing rooms and largest room capacity. Our offices at Sulaiman Building are widely regarded as some of the best ADR venues in the world.
The discussion then shifted to significant changes in the semiconductor industry, spurred by the 2022 CHIPS and Science Act that allocated $57 billion in grants to incentivize the domestic manufacturing of semiconductor chips, which historically had been concentrated in China. Unlike in the U.S.,
Sobota highlighted significant legislative measures enacted by the United States, such as the CHIPS and Science Act of 2022 and the Inflation Reduction Act of 2022 , aimed at bolstering domestic technology production and imposing restrictions on semiconductor imports.
In October 2022, the KG requested through the Russian Ministry of Justice the service of documents to RZhD in accordance with the 1965 Hague Service Convention (“Hague Convention”). Straight to Service Through Public Notification? 3 of the German Civil Procedure Code (“ZPO”). For example, in June 2023, the Arbitrazh Court of St.
Particularly, unless licenses have been granted, arbitral institutions are prohibited from receiving sanctioned persons’ monies, while multiple Russian banks have also been expelled from the SWIFT banking system since March 2022. However, the imposition of sanctions can lead to issues in the implementation of enforcement proceedings.
Early this year, the European Union (“EU”) finalized the required internal procedures for the entry into force of the Sustainable Investment Facilitation Agreement concluded between the European Union and the Republic of Angola on 18 November 2022 (“SIFA” or the “Agreement”).
Building on the successful inaugural CIAW that took place in March 2022, the 2023 CIAW attracted over 1,500 attendees from all over the world, including Singapore, Armenia, Brazil, Mexico, South Korea, Hong Kong, Mainland China, and Japan. Vitaly Ivanovich Smagin , No. 22–381 (U.S. Young CalArb is sponsored by CalArb.
DIAC, too, has shifted gears with its new set of arbitration rules that entered into effect on 21 March 2022. DIAC’s 2022 Arbitration Rules no longer require filing hardcopies, allow arbitral awards to be signed electronically, and provide the necessary flexibility for remote hearings and case management conferences.
In 2022, the Old CPL was repealed through Federal Civil Procedures Law No. 42/2022 (“ New CPL ”). 411 of 2022 (Commercial) , in which the award debtor argued that the award was not signed on all pages. A number of factors have influenced this shift. For example, in Dubai Court of Cassation No.
In 2023, investor-State dispute settlement (ISDS) reform has been influenced by growing concerns over climate change and state responsibility. This global shift is reflected in numerous requests for advisory opinions from international courts, aiming to clarify states’ obligations regarding climate change (see here , here , and here ).
times the country’s estimated GDP in 2022. VIktor Nestulia Head of DREAM Project Office This led to the formation of the RISE Ukraine Coalition, which at its inception united more than 20 Ukrainian organizations working on open government and anti-corruption reform.
815 of 2022. This understanding may influence the way courts interpret the parties’ agreement in cases of doubt. 6/05353/2023/02 , which highlights the influence of general concepts and understandings of dispute resolution mechanisms on the interpretation of dispute resolution clauses.
This was the third installment in the “Affaires d’Etats” series on Investor-State Dispute Settlement (“ISDS”) initiated by Curtis during 2022 PAW. As part of the 2024 Paris Arbitration Week (“PAW”), Curtis, Mallet-Prevost, Colt & Mosle LLP hosted a webinar on “Amplifying the Voices of Developing States in ISDS Reform.” Canada and E.U.
Nevertheless, a growing number of arbitrations revolve around matters like environmental permits, green incentives, the need for a “social license,” and corruption. The availability of ISDS significantly influences investors’ decisions. At least not explicitly.
The panel also noted the continued positive perception of arbitration within the energy sector, as reported in Queen Mary University of London’s 2022 Energy Arbitration Survey. The panel also predicted an increase in gas price review disputes as more LNG is used in power stations, which inevitably creates disputes concerning price.
Influenced by civil law practice, these rules stand out for its requirements of tribunals to offer preliminary opinions on factual and legal issues, thus facilitating settlement discussions based on case strength and enhancing arbitration efficiency. Japan’s BIT with Bahrain that was signed in June 2022 entered into force in September 2023.
The ICC offices in São Paulo report that almost 85% of their total amount in dispute regards cases with Brazilian state entities [fn] As informed by the ICC’s Counsel during the 2022 Brazilian Arbitration Day organized by the ICC in São Paulo, Brazil. [fn]. Contrastingly, BRAMIA allows some state and social control over dispute proceedings.
The ICC offices in São Paulo report that almost 85% of their total amount in dispute regards cases with Brazilian state entities [fn] As informed by the ICC’s Counsel during the 2022 Brazilian Arbitration Day organized by the ICC in São Paulo, Brazil. [fn]. Contrastingly, BRAMIA allows some state and social control over dispute proceedings.
Arbitration Dynamics in the Two Regions Hjordis Birna Hjartardottir was the first to provide an arbitration analysis of the region, noting that, in 2022, the CEE and CA regions accounted for 10.5% of the ICC’s total caseload. This figure is only marginally less than North America’s 10.7%, but considerably lower than Western Europe’s 28%.
published in ICCA Congress Series 21 (Edinburgh 2022)). Whilst the outcomes they predict may look like “intelligent outcomes”, the focus is on predicting the outcome, rather than the reasons influencing why previous decisions have led to similar outcomes.
South African legal jurisprudence has come to enjoy significant influence in an increasingly globalised world where political, economic, social, and legal activities transcend territorial borders. The enactment of the IAA marked a pivotal moment, aligning South Africa more closely with international best practices.
Following the 43rd session of WGIII in September 2022, the UNCITRAL Secretariat was tasked with preparing a draft MIIR featuring possible core provisions and outlining the relevant issues that could arise with regard to the MIIR’s relationship with existing investment agreements and its application to future investment agreements ( A/CN.9/1124
Overall, French courts have not only consolidated their approaches on recurring topics—as was the case in 2020 , 2021 , and 2022 —but have also taken a slightly more restrictive than usual stance towards international arbitration. Although the CoA may have been influenced by the exceptional circumstances of the case (i.e.
It is also worth noting that of the 204 cases administered over the course of 2022, 26% involved a party from Latin and Central American countries. For instance, the statistics demonstrate that of the 204 cases the PCA administered in 2022, 112 were investment treaty related and 88 were contract-based arbitrations of different types.
2023) , the Supreme Court recognized that plaintiffs may bring a civil suit under the expansive Racketeer Influenced and Corrupt Organizations Act (RICO) for judgment-creditors’ illicit conduct and collusion (“racketeering” under the statute) to avoid payment of an arbitral award which has been recognized and enforced as a U.S.
Diana Bayzakova, director of the TIAC, further explained how these changes have influenced the choice of TIAC as a preferred arbitral institution and have also shaped the perception of Uzbekistan as a neutral jurisdiction. The panelists discussed efforts to develop Uzbekistan’s arbitration sphere, a theme explored throughout the week.
The Commission notes that this provision was influenced by the CJEU’s opinion on CETA , which recognised the importance of general exceptions in EU agreements and their impact on the autonomy of the EU legal order. This is similar (save on timing) to Article 41 of the 2022 ICSID Arbitration Rules.
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. Knoll-Tudor covered annulment and enforcement in France. Poland and Slot v.
42/2022 On the Promulgation of the Civil Procedure Law (“ UAE Civil Procedures Code ” ); the enforcement regime for foreign arbitral awards as set out at Arts 222-223 of the UAE Civil Procedures Code would have lent itself to wholesome incorporation into the body of the FAL; and finally, Art. 61(2) of UAE Federal Law No.
Procurement rules and policies seek to ensure that contract awards are free from corruption, conflicts of interest or anticompetitive practices, and that these vast sums of public funds generate value for money and support social, environmental, and innovative practices. This blog post provides a summary of the main findings so far.
GAO found that DoD reviewed an average of only 40 M&A transactions per year from FY 2018-2022, while it was estimated that approximately 400 such transactions occur annually. Section 862 amends the Small Business Act, specifically 15 U.S.C.
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.
However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.
The program bridged and expanded the discussion that took place at a highly popular program featured in the 2022 edition of WAW on the influence of public international law (“PIL”) on ISDS (read the prior KAB coverage here ). He explained that the ICJ (or “World Court”) has referred to ISDS cases only in very few instances.
SIAC appears to be on the frontlines of influencing this progress, having administered cases involving 169 parties from the Philippines with a total sum in dispute in excess of SGD 5 billion in the last five years. Gloria Lim , CEO of SIAC, and Ms. The author is currently a Legal Counsel for renewable energy projects at ACEN Corporation.
Four partial awards were rendered in the references, as follows: the Offshore Jurisdiction Award (15 March 2022); the Offshore Jurisdiction Award on Costs (22 July 2022); the Consolidation Award (22 July 2022); and the Onshore Jurisdiction Award (25 August 2023). Aiteo was unsuccessful in each and made an application under s.67
In a year marked in France by the Paris Olympics and political instability, 2024 proved to be somewhat less eventful in terms of arbitration-related developments than previous ones (see 2023 , 2022 , 2021 , and 2020 ). New trends and reforms are also on the horizon. This post aims to review some of this years noteworthy developments.
The silence and sparsity of costs coverage in arbitral laws and institutional rules affords wide discretion that result in reliance on customary arbitral norms and practices influenced by national legal cultures and training. The report observes that only two of the 23 applications for security for costs yielded success.
The question therefore was whether this final vote was the result of illegitimate government influence; however, the majority concluded that there was no evidence on the record that leads to this conclusion (Award, para. All claims were ultimately dismissed by the majority.
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