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Challenge: In 2020, public procurement in the Dominican Republic lacked public trust and credibility due to several high-level corruption scandals. Corruption in public procurement makes us poorer and takes our rights away.” It has debarred more than 60 suppliers for violations, and reduced unresolved complaints and canceled tenders.
During the 2023 Fiscal Year, the Dodd-Frank Act whistleblower programs of the U.S. “Passing the $2 billion threshold in whistleblower awards is a major milestone for the Dodd-Frank whistleblower programs and a testament to how they have revolutionized the enforcement of white-collar crime,” said whistleblower attorney Stephen M.
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.
For example, the appeal did not resolve a threshold issue concerning the scope of the New York Convention, as addressed below. This threshold issue concerning the scope of the New York Convention was not resolved by the appeal. The primary judge had also found against India on this question (PJ, [34]-[51]).
On 22 August 2023, the Singapore International Arbitration Centre (“ SIAC ”) published the Draft 7th Edition of the SIAC Rules (the “ Draft Rules ”) for public consultation. The public consultation period remains in effect until 21 November 2023 and comments can be submitted via email to rulesconsult2023@siac.org.sg Draft Rule 14.1(b)
The 2020 data strategy stressed that Public procurement data are essential to improve transparency and accountability of public spending, fighting corruption and improving spending quality. The procurement data governance framework is now planned to be developed in the second half of 2023.
Following the success of previous editions (see here for previous coverage), the fourth edition of Copenhagen Arbitration Day took place in October 2023. 2016.1558/2H), which sets a high threshold for any setting aside arguments. 1, to what arbitration could be like in 2035. The Supreme Court decision (U.2022.1117)
The Draft Code of Conduct for Arbitrators in International Investment Disputes was adopted by UNCITRAL in July 2023. Explicit recognition of this lower threshold in investment arbitration may prima facie appear to have resolved the complication arising out of the interpretation of the term “manifest” in Article 57 of the ICSID Convention.
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.
However, there remains a lack of clarity as to the threshold of proportionality applied. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190
The 2023 SCCA Arbitration Rules (commented on in a previous blog post ) increased the threshold amount in dispute for expedited proceedings to approximately USD 1.07 million – a response to the growing criticism directed at DIAC’s significantly lower threshold of around USD 270,000. million in value. 34 of 2021 (“ Decree No.
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)
On 26 April 2024, the Swiss Federal Supreme Court (“SFSC ” ) rendered decision 4A_486/2023 , upholding the unpublished Final Award in Clorox Spain S.L. This criticism, even if it were true, would not reach the high threshold for a violation of public policy, in any event (para. decision 4A_486/2023 , para.
Yet, within this domain, the threshold of seriousness is still largely undetermined and often rests on the opinion of the court. However, all that has ever been said is that they must be serious enough.
Lithuania aims at 100% green procurement by the end of 2023, and data and technology are at the center of their effort, said Kestutis Kazulis , Principal Advisor on sustainable public procurement (SPP) at the Lithuanian Public Procurement Office. There were many, many more great examples to share.
4A_288/2023 and 4A_572/2023 ). In March 2023, NIOC brought a challenge against the tribunal chair, Laurent Aynès, based on his law firm’s involvement in a separate ICC arbitration, which indirectly involved Iranian state entities, as well as on incomplete disclosures in that regard. The ICC upheld the challenge.
In a recent 2023 survey (“‘Fair’ and ‘Equitable’ Treatment Provisions in Investment Treaties; A Large-Sample Survey of Treaty Provisions”) the OECD found 51 of these treaties (covering a total of 136 bilateral relationships). 128) and that the conduct of the Respondent was arbitrary, using a high threshold (paras.
In a (further) significant ruling dated 1 June 2023, the Higher Regional Court Berlin ( Kammergericht or the “Court”) reinforced the integrity of arbitration by confirming the admissibility of arbitration to the exclusion of (Russian) state courts ( Case No. 12 SchH 5/22 ). 4 (2024), which is also included on Kluwer Arbitration.
Essentially, the SCC reiterated that regional High Courts of Justice generally must not reopen the merits or substance of a dispute, and that cases that meet the public policy threshold are highly exceptional. In particular, the SCC clarified that the provision in Article 37.4 Instead, to determine if the duty in Article 37.4
Instead, it tries to highlight the most significant changes and additions to the draft that has been public since 31 August 2023. In relation to this Guideline, the draft of 31 August 2023 contained two different versions of an obligation to disclose the use of AI in arbitral proceedings (previously discussed here ).
2023: China First Heavy Industries v. Faced with the same threshold question in Brentwood , the Beijing Court directly applied the “seat standard” and decided that it had supervisory jurisdiction over the ICC award rendered in Beijing. The Beijing Court then proceeded to review the set-aside challenges brought by the claimant.
Such framing sets a higher threshold for establishing a violation of FET. As of March 2023, 155 treaties limit FET to the minimum standard of treatment under customary international law. 1) The Protocol’s text as adopted in February 2023 is currently not available to the public. See Cargill v. Mexico , ICSID Case No.
Terraform Labs Pte Ltd and others [2023] SGHC 340 recently dismissed an appeal against an Assistant Registrar’s decision denying a stay in favour of arbitration on the basis that the First Defendant had taken steps in the proceedings. Binance Holdings Limited , 2023 ONSC 6714. Securities and Exchange Commission.
On the first day of the 2023 Seoul ADR Festival , Secretariat Advisors hosted a double feature of panels relating to arbitration costs. Managing the Costs of Experts in Arbitration The second panel first addressed the issue of whether there is a threshold of damages that warrants retaining an expert witness.
NHA 2023 CLD 1365. The threshold to challenge an interim award on the basis of its finality is lower in comparison to establishing whether such an interim award is binding or not. This is an important judgment because it does not rely on “finality”, as envisaged in the Guide or the international precedents.
1444 of 2022 of 6 July 2023, which underlined the importance of respecting party autonomy in upholding arbitration agreements. The recent decisions reinforce the principle that challenging arbitration agreements is an uphill battle with a high threshold, requiring solid and irrefutable evidence. Dubai CoC Case No.
Countries are enacting new national security laws to limit foreign influence, including China’s 2017 National Security Law; the US’s 2022 National Security Strategy; and the EU’s 2023 Economic Security Strategy. a negotiation period, time limitations, or excluded disputes).
The court declined to follow another recently decided case Infrastructure Services Luxembourg Sarl v Spain [2023] EWHC 1226 (Comm) , as well as international practice across the broader common law world. Permission has been given to appeal the decision in Border Timbers to the Court of Appeal. 3) [2000] 1 AC 147.
Parties should however expect that a high threshold would apply for the Court finding “ special circumstances “, as in this case, the existence of a novel point (i.e. The English High Court (“ Court “) in Hulley Enterprises Limited and others v.
As a preliminary threshold issue, the Proposal and Declaration are based on an assumption (set out in the Explanatory Memorandum, pp 1 and 2) that neither Russia nor Belarus is a Contracting Party to the ECT ( i.e. , that both are third States within the meaning of Article 17).
After a three-year hiatus due to the pandemic, the much-anticipated third ICC Kuwait Arbitration Day took place at the heart of Kuwait in the Burj Al Shaya Building on 5 October 2023, organised by the ICC in collaboration with Al Tamimi & Company.
This is much higher than the threshold for expedited procedures under the DIAC Rules of USD 272,000 and of SAR 4 million (AED 3.9 million) under the SCCA Rules. The final award, in expedited proceedings, is to be rendered within four months from the arbitral tribunal’s receipt of the case file.
However, the recent 7-judge bench decision issued on 13 December 2023 reversed this finding and held that unstamped or inadequately stamped agreements, while being inadmissible in evidence until stamp duty is paid, do not render the agreements void, void ab initio or unenforceable. The Indian Supreme Court in NN Global held that it did.
Jiménez Pinton framed the issue from the institutional perspective at the ICC, noting that in 2023, 16% of new ICC cases involved a state or SOE, with energy and construction disputes being the most common.
The National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2024 , signed into law on December 22, 2023, makes numerous changes to acquisition policy. DODIG–2023–041). Crowell & Moring’s Government Contracts Group discusses the most consequential changes for government contractors here.
18/14721, 10 January 2023 Nataliya Barysheva and Valentine Chessa, MGC Arbitration, ITA Reporters for France In the Moldova v. Société Stileks Scientific and Production Firm LLC, intervenante volontaire à titre principal pour la Société Komstroy, Court of Appeal of Paris, RG No. Société Kraydon Ltd v. Mme Mehta et autres v.
With today's announcement of his resignation on the back of a corruption probe, the time of Antonio Costa as Portuguese Prime-Minister reached its end. As for the 2017 transposition I do not have much to say, but I did say a lot about what was happening below-thresholds. But fashionably late it was nonetheless. It was a mess.
No agreement was reached by the parties prior to the rent review of the 6 January 2023. The agreement was to run for a further 20 years from 7 January 2023. The parties made written and oral submissions (through surveyor experts), the arbitrator visited the subject premises, and an award was rendered on 12 July 2023.
In May 2023, Arbitration C was consolidated with Arbitration A and B (collectively, the Arbitration). On 28 July 2023, the Tribunal issued the third partial award which fixed the final valuation and made orders pertaining to the Second Closing (the Directions).
The key interventions covered in the Policy include: Default Rules, Seat, and Appointing Authority: The Policy provides that, in the absence of contrary agreements, disputes will follow the Rules in the Arbitration and Mediation Act 2023 (paragraph 5). and 16.5).
2625 of 2023), 15 March 2024 Michael Hwang, Michael Hwang Chambers LLC, ITA Reporter for Singapore This decision suggests the possibility that a party may submit to a tribunals jurisdiction for an interim relief application while reserving its right to challenge the tribunals jurisdiction over the merits of the dispute. Sacofa Sdn Bhd v.
By agreeing to have the arbitration administered pursuant to the LCIA Rules, the parties therefore agree that the tribunal, after giving the parties a reasonable opportunity to state their views, will have the power to make an Early Determination subject to satisfying the relevant threshold tests. This ties in with Article 25.3
In 2023 , Latin American states accounted for 35% of ICSIDs new cases, and Latin American private parties were among the most frequent users of ICC arbitration. This proposed threshold for summary dismissal is the same threshold as in English court proceedings and, therefore, benefits from extensive case law explaining its meaning.
This streamlined approach provides efficiency for resolving less complex, lower-value disputes with QICCAs financial threshold of USD 264,000 comparable to Dubai International Arbitration Centre ( DIAC) but lower than Saudi Center for Commercial Arbitration (SCCA) and Bahrain Chamber for Dispute Resolution (BCDR ).
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