Remove 2023 Remove Balance Remove Corruption
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Worley International Services v. Ecuador: The What, When and How in Corruption Allegations

Kluwer Arbitration

On 22 December 2023, a Tribunal composed of Prof. On its part, the Respondent raised several objections to the jurisdiction of the Tribunal, specifically pointing to several instances of corrupt and illegal acts allegedly committed by Worley at the making and during the operation of the investment. Bernard Hanotiau, Prof.

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Tackling Corruption in the Arbitral Process: Reflections on Nigeria v Process and Industrial Developments Limited

Kluwer Arbitration

On 23 October 2023, the English High Court handed down a landmark decision setting aside a USD 11 billion arbitral award (the final award) obtained by a British Virgin Islands (“BVI”) company, Process and Industrial Developments Limited (“P&ID”), against the Federal Republic of Nigeria.

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2023 Year in Review: ISDS Reforms – Milestone Achieved, Uncertainties Persist

Kluwer Arbitration

2023 marked a milestone in the reform of investor-State dispute settlement (“ISDS”). This year-in-review post, featuring the perspectives of our contributors from 2023, primarily focuses on the efforts of UNCITRAL Working Group III (“WG III”) in ISDS reform and the adoption of the Codes, and offers a brief status report on ECT modernization.

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OCP Feedback Survey: Closing the books on 2023 and looking towards 2030

Open Contracting Partnership

In 2023, our annual community survey became even more critical for us as we shaped our new organizational strategy, which we are very excited to share with you next month. Together with the global community, we were able to close out 2023 with a big advocacy win, with the UN’s first ever resolution on public procurement passed in December.

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Navigating Investor-State Dispute Settlement: Concerns from the Asia-Pacific Region

Kluwer Arbitration

The Regional Arbitral Institutes Forum (RAIF) held the 2023 edition of its annual conference on 10 November 2023 in Bangkok, Thailand. Issues of corruption, investors coming in with unclean hands, as well as investors putting forward inflated claims are also some of the concerns of host states and other stakeholders.

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2023 in Review: Climate Change and ISDS – Reshaping Investment Arbitration to Achieve Climate Goals

Kluwer Arbitration

In 2023, investor-State dispute settlement (ISDS) reform has been influenced by growing concerns over climate change and state responsibility. This post summarizes key ISDS and climate change developments that took place in 2023. This led more EU member states to notify their withdrawal.

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Kluwer Arbitration ITA Arbitration Report, Volume No. XXII, Issue No. 5 (May 2023)

Kluwer Arbitration

et autres, Court of Appeal of Paris, , 12 September 2023 Nataliya Barysheva, Valentine Chessa and Yoshie Concha Takeshita, MCL Arbitration, ITA Reporters for France The Paris Court of Appeal confirms its stance to protect dual nationals under treaties silent on the matter. Société OB Lavau et autre v. République Socialiste du Vietnam v.