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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. Keynote Speech: International Arbitration in the Year 2050 – Shipwrecked or Basking on the Shores of the Promised Land?
As part of its Vision 2030, and in order to attract more foreign investments, the KSA has significantly aligned its legal landscape with international standards to reassure both local and foreign investors. These initiatives have positioned KSA as a pioneering global investment destination.
This shift was propelled by environmental factors and influenced by international agreements, such as the 1992 United Nations Framework Convention on Climate Change (“UNFCCC”) and the Paris Agreement. Furthermore, Lubano emphasised Kenya’s ambitious commitment to achieving a 100% reduction in carbon emissions by 2030.
Although advisory opinions are non-binding, they are intended to influence domestic and international litigation. High-profile cases include German energy companies suing the Netherlands under the ECT for phasing out coal power by 2030. ( see , RWE v. Netherlands , see also, Uniper v.
Regarding authorization procedures, the SIFA requires the Parties to process applications objectively, impartially, and independently from undue influence, with clear, transparent criteria (Articles 19 and 21). Potential Impact and Future Implications In summary, the SIFA marks a significant milestone in international investment law.
Conversation on the Geopolitics of International Commercial and Investor-State Arbitration The conversation between Ms Lucy Reed (President, SIAC Court of Arbitration) and Minister Shanmugam, SC canvassed the geopolitical state of play and its influence on international commercial and investor-State arbitration.
However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.
On the regulatory front, frameworks such as the European Union AI Act are expected to influence the adoption of AI in arbitration. The Act emphasizes transparency, safety, and accountability, and aims to lay a foundation for responsible AI use. South Africa) prohibiting the arbitration of certain types of IP disputes altogether.
Middle East In the second session, Mr. Taylor began the discussion by highlighting the geo-physical landscape in the MENA region and its historic influence on regional renewable energy trends. Lim predicted that solar energy is likely to be a large source of energy in the near future and transform the production and usage of energy.
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