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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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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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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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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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UNCITRAL Working Group II 78th Session: Seeking the Balance Between Innovation and Due Process

Kluwer Arbitration

The 78th session of the UNCITRAL Working Group II (the “WG II”) took place in Vienna, Austria from 18 to 22 September 2023. In subsequent discussions to come, we can expect further refinements to the model clauses to ensure that the right balance is sought between innovation/contractual freedom and due process.

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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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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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