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Voluntary Self-Disclosure of FCPA Violations Following Acquisition Avoids Corruption Charges

Government Contracts & Investigations

The Foreign Corrupt Practices Act (“FCPA”) prohibits U.S. companies from engaging in bribery and corruption abroad when the payments are directed at foreign government officials to gain an improper business advantage. [4] 2] United States Attorneys’ Office, Voluntary Self-Disclosure Policy (2023) (citing U.S.S.G.

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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: Technology

Kluwer Arbitration

The year 2023 bore witness to the rise of ChatGPT, a development which prompted a flurry of commentary on the implications of the use of generative artificial intelligence (AI) in international arbitration. For all its benefits, however, the use of ChatGPT is not without risks, both professional and ethical.

Ethics 52
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NAI Annual General Meeting 2023: A Recap

Kluwer Arbitration

On 14 September 2023, the Netherlands Arbitration Institute (NAI) held its Annual General Meeting at the Peace Palace in The Hague, attracting over 160 participants from the Netherlands and beyond. de Witt Wijnen explored several ethical dilemmas. This post provides an overview of the event’s highlights. The panel, which included Prof.

Ethics 52
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New York Arbitration Week 2023 Recap – Highlights from the 18th Annual Fordham Conference on International Arbitration and Mediation

Kluwer Arbitration

On November 17, 2023, Fordham Law School hosted its annual full-day Conference on International Arbitration and Mediation (“CIAM”), titled “ Key Issues in International Dispute Resolution: 2023.” Ethical Dilemmas Arising in Mediation Following brief opening remarks by Edna R.

Ethics 52
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UAE’s Arbitration Law Transformation Through Federal Decree Law No.15 of 2023: Innovations, Ethical Compliance for Arbitrators, and Enhanced Procedural Roles for Arbitral Institutions

Kluwer Arbitration

On 15 September 2023, the United Arab Emirates (“UAE”) reformed the legal framework governing arbitration. 15) of 2023 (“Amendment Law”), specific amendments have been introduced to key articles of the Federal Arbitration Law No. (6) Under the recently issued Federal Law No. (15) from the arbitrators’ side.

Ethics 52
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2023 Year in Review: Australia, New Zealand and the Pacific Islands

Kluwer Arbitration

2023 was another year of growth for arbitration in Australia, New Zealand, and the Pacific Islands. We explore some of these key themes below. Australia Cases Australia’s investment arbitration jurisprudence made particular strides in 2023. & Anor [2023] HCA 11.