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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.
Using the formulation of objectives in the Procurement Act 2023 , this blogpost reflects on its kaleidoscopic view of the public interest. Objectives in the Procurement Act 2023 The Procurement Act 2023 (PA23) represents one of the UK’s attempts at ‘doing things differently’ post-Brexit.
The 2023-2026 data strategy of the Government of Canada (GC) The GC’s data strategy describes how the Federal Public Service intends to utilize data over the next three years to deliver enhanced services and value to Canadians. A new $100,000 AWS community grant fund launched in 2023 supports Calgary sustainability initiatives.
On October 2-4, 2023, the Atlanta International Arbitration Society (“AtlAS”) hosted its 12 th Annual Conference, in Atlanta, Georgia, USA. The panel discussed ethical issues that can arise at arbitral institutions and in the appointment and instruction of expert witnesses. Further, Ms.
The top concerns related to the risks of using generative AI include a lack of controls to ensure ethical/responsible information generation, a lack of ability to verify/explain generated output and potential abuse/distortion of government-generated content in the public domain.
As of March 2023, 155 treaties limit FET to the minimum standard of treatment under customary international law. With this objective in mind, the PAIC, lists a range of investor obligations related to corporate social responsibility, use of natural resources, corporate governance, business, ethics and human rights. See Cargill v.
Governments aim to support ethical, sustainable businesses while getting the best value. P-R Procurement Act 2023 The Procurement Act 2023 is the UKs new law replacing older public procurement rules. Fairness: Equal Opportunity for All Public procurement is built on fair competition. Contact Tracker For A Free Trial Now!
This article therefore discusses the importance of the rule of law in arbitration, evaluating how arbitration already defends the rule of law and provides some thoughts about balancing the rule of law in arbitration to avoid an antithetical outcome. 2023 (Singapore: World Scientific Publishing Co Pte Ltd.
Before we get too excited, one should consider that AI systems, including emotion AI, still face challenges today, including ethical concerns surrounding data privacy and bias in algorithms, ‘hallucinations,’ and limitations in understanding context. On balance, emotion AI should be embraced, albeit within responsible and ethical boundaries.
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.
This creates a regulatory gap —or rather a laissez faire environment—whereby the public sector is allowed to experiment with the adoption of digital technologies without clear checks and balances. In the EU case, ‘trustworthiness’ is intended to cover three requirements for lawful, ethical, and robust AI.
Ethical labour standards are non-negotiable, ensuring workers’ rights and well-being are protected throughout the supply chain. Together, these governance measures ensure that public sector buyers uphold the principles of fairness, ethics, and accountability.
Mr. Paulsson further emphasized the need to maintain ethical standards and avoid the pitfalls of professionalizing arbitration too much, which could lead to a system where decisions are influenced by factors other than merit. Complementing this, the Commercial Transactions Law addresses specific commercial activities.
McCormack, President and CEO, AAA-ICDR , began by sharing the AAA-ICDR’s international arbitration metrics such as the over 848 international cases heard in 2023 that are valued over 5 billion USD. The proposal had echoes of the 2023 ICC Commission Report on Facilitating Settlement in International Arbitration. AAA-ICDR Bridget M.
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In March 2023, the same approach was supported by a Report of the Government Chief Scientific Adviser (the ‘GCSA Report’), and is now further developed in the White Paper ‘ AI regulation: a pro-innovation approach ’ (the ‘AI WP’). The UK Government has launched a public consultation that will run until 21 June 2023.
The other group suggested enhancements and more pronounced checks and balances of the existing arbitration system. Many were keen to forecast the end of ISDS in the short term or at least the gradual phase-out of investment treaty arbitration.
On 31 August 2023 and 1 September 2023, the ICAL Alumni Association held the ICAL 20th Anniversary Conference entitled “Evolution or Revolution: Have We Mastered International Arbitration or Do We Need a New Blueprint for the Future?”. Is greater transparency needed for revolution?
As anyone who had the privilege to work with her can attest, her work ethic was legendary. On June 9, 2023, DoD published a proposed rule to amend the DFARS to implement the E.O. Addresses the Balance of Payments Program, though the program remains unchanged by the rule. Check out the 2023 Year in Review!
On 30 October 2023, President Biden adopted the Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (the ‘AI Executive Order’, see also its Factsheet ). The use of AI by the US Federal Government is an important focus of the AI Executive Order.
Enforcing ethical standards in arbitration requires striking a balance between accountability and confidentiality. The DJO decision suggests that this balance may not be sufficiently well-struck. In DJO , the name of the errant arbitrator remains shrouded behind the veil of anonymity.
Garth on ethical foundations in arbitration, followed by panels on cultural sensitivity and biases in decision-making. Discussions highlighted ethical standards and adapting proceedings to diverse cultural contexts. Discussions highlighted ethical standards and adapting proceedings to diverse cultural contexts.
To keep up with the cybersecurity changes that arise with advanced technologies (like artificial intelligence), the White House released Executive Order 14110 in October 2023 on the safe, secure, and trustworthy development and use of AI. A s technology evolves at exponential rates, so do the associated challenges and security threats.
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