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I recently provided comments for an article in the Anti-Corruption Report examining recent Department of Justice (DOJ) settlements under the Foreign Corrupt Practices Act (FCPA). In two of the settlements, U.K.-based
Treasury Department and Financial Crimes Enforcement Network (FinCEN) to craft regulations for the recently established Anti-Money Laundering (AML) Whistleblower Program that are consistent with the United States’ global anti-corruption agenda. s anti-corruption agenda.
Leads generated from insiders are critically important to any financial enforcement program,” said Young. The CFTC Whistleblower Program has proven to be highly effective in combating commodities fraud as well as international corruption,” said whistleblower attorney Stephen M. Kohn of Kohn, Kohn & Colapinto. “We
Baker McKenzies Canadian international trade and customs team is publishing a series of articles reviewing 2024 trade and customs compliance developments and looking ahead to 2025s burgeoning issues. This article focuses on Canada’s trade remedies regime.
She highlighted the importance of viewing one’s career as a portfolio of experiences, skills, and accomplishments. He emphasized the importance of hard work, interpersonal skills, and proactive efforts to seize opportunities. He further emphasized the importance of balancing self-promotion with substantive contributions.
I distinctly recall how the depth and diversity of articles piqued my intellectual curiosity while simultaneously providing me with a strong practical foundation in the field. Going forward, my goal is to present articles that promote the same sense of wonder and enlightenment that I experienced when I first discovered Arbitration.
The Supreme Court of Iran has rendered a historic decision, providing insight into the proper interpretation of Article 139 of the Iranian Constitution concerning administrative approvals for agreements to arbitrate, which has been considered to be a major hurdle to arbitration in Iran. Law will specify the important cases intended here.”
In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. Fraud Detection : Machine learning models can monitor procurement transactions for irregularities, reducing corruption risks.
Challenge: Despite ongoing government reforms, corruption and inefficient spending remains pervasive in Kazakhstan’s public procurement. Finally, the Anti-Corruption Agency is proactively supporting the development of civic monitoring and has agreed to cooperate with the civil society coalition to monitor procurement.
The decision has important implications for arbitration. This article considers, in light of Tui , the scope of application of the rule in Browne v Dunn in international arbitration. vi)) , the ICC rules (Article 22) and the SIAC rules (Rule 19.2)). However, most civil law practitioners, as well as U.S.
This article provides a brief summary of these developments, starting with a national perspective and discussion of the key issues regarding the draft amendments to the PRC Arbitration Law. Correspondingly, the draft also removed the requirement of an arbitration commission to constitute a valid arbitration agreement.
In April 2024, a law passed by the Investment Authority opened the import, wholesale, retail and export (of raw coffee, khat, oilseeds, pulses, hides and skins, forest products, poultry and livestock bought from the local market) sectors to foreign investments.
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. Worley may have willfully failed to monitor and investigate Tecnazul’s corrupt activities.
This development is important on its own but has additional importance given that it was prompted, if not necessitated, by Guyana’s unprecedented oil and gas-induced economic boom. An award conflicts with public policy if it was induced by fraud or corruption or was procured in breach of natural justice (see section 59 of the AA).
According to the DCC, Article 54(4) of the UAE Federal Arbitration Law No. This decision ushered a shift in the position of the DCC, which was then formally settled through the recent decision of the General Assembly and which references Article 54(4) of the UAE Arbitration Law. Concluding Remarks General Assembly’s Decision No.
In instances of active waste, such suboptimal decisions are motivated by personal gain, as exemplified by corruption. For LAC countries, digital technologies can be an important ally in achieving this balance. This continuous data flow strengthens public trust by minimizing corruption risks and reaffirming a commitment to transparency.
Its existence precludes disputing parties from bringing their dispute to court: see Article 3 of the Arbitration and ADR Law of the Republic of Indonesia (“Arbitration Law”), which stipulates that Indonesian courts have no jurisdiction to try disputes between parties bound by an arbitration agreement. most recently, Decision No.
The Court found that it was very important to both parties, but: “perhaps even more to the applicants, who are not based in this country, that the selected arbitrator not have a professional or personal relationship with either party or their counsel” (para.
Important discussions on international arbitration are formulated at an ever-increasing number of conferences, symposia, and events; keynote addresses set out thought-provoking proposals; the number of journals and reviews specializing in international arbitration has greatly proliferated; and even online blogs produce short yet interesting posts.
KS&T Did not Have a Qualifying Investment NAFTA Article 1139(g) NAFTA Article 1139(g) defines “investment” as “real estate or other property, tangible or intangible, acquired in the expectation or used for the purpose of economic benefit or other business purposes.”
The SCCAs joinder provisions (Article 12) are one such feature that is particularly important in construction disputes. Equally important is the SCCAs provision for the early disposition of claims or defences (Article 26). Other features of the SCCA rules are also worth highlighting.
Since 2016, when the first issue of the European Investment Law and Arbitration Review was published, the Review has tracked developments in the new and increasingly important field of European investment law and arbitration. The Review will continue to feature long and short articles as well as case notes and book reviews.
Firstly, it is important to note that the Regulation is applicable to arbitration agreements concluded prior to its entry into force. Article 14 states that the Regulation shall apply to requests for the early production of evidence made after its entry into force, regardless of the date on which the arbitration agreement was concluded.
Key Takeaway – The Decision Narrows Federal Government Authority to Prosecute Corruption by Local Officials By carving out rewards, or gratuities, offered and accepted after an official act, the Supreme Court has substantially narrowed the scope of Section 666. View the full article
How domestic courts approach challenges to arbitration awards is of increasing importance as foreign parties often decide to seat an arbitration in a jurisdiction that they believe will provide the greatest stability to governing the arbitration process.
Where the parties to a given treaty agree in their submissions – including NDPs – those interpretations also can be considered a common understanding subject to Article 31(3) of the Vienna Convention on the Law of Treaties (“VCLT”). In its submission, the United States explained that Article 10.20.4 of the U.S.-Colombia of the U.S.-Peru
Improper retention of privileged and confidential legal documents : P&ID improperly obtained, retained, and misused Nigeria’s privileged and confidential legal documents, and used these to monitor whether its corruption had been uncovered and to track Nigeria’s case strategy throughout the arbitration.
(unofficial translation) When a dispute arose in 2019, PPSB initiated arbitration and requested the Judge of the District Court of Rotterdam (“the District Court”) to appoint an arbitrator in accordance with Article 1027(3) of the Dutch Arbitration Act (“DAA”). CSW opposed this request, arguing that mediation should take place first.
But also when you’re dealing with the export of defense articles, you’ve got to deal with a whole other set of issues. company is going to obtain a commercial export license for those defense articles from the State Department, which will allow them to negotiate with and sell directly to a foreign government.
Clear Endorsement of New Technologies in the Conduct of Arbitration Proceedings The Amendment Law expressly recognises that the place of arbitration can be either in-person or virtual (Article 28(1)). However, the admission of such evidence would constitute a violation of the UAE’s public policy.
Recent decisions show, however, that arbitrators tend to misunderstand whose good faith Article 31(1) of the VCLT is referring to. In this sense, Article 26 of the VCLT provides that “[every] treaty in force is binding upon the parties to it and must be performed by them in good faith ”. In Stabil LLC and Others v.
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Under this doctrine, the general principle of immunity applies only to the sovereign acts of a State, and not to the commercial acts (Article 10, United Nations Convention on Jurisdictional Immunities of States and Their Property ). 3(1)(a) and the ‘arbitration exception’ under s.9(1). However, Burton J.
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Scope of Application Differently from traditional investment agreements, the stated purpose of the SIFA is not only to foster foreign direct investment (“FDI”) (Article 1), but also to do so in a manner that integrates environmental and labour standards, transparency, and corporate social responsibility.
As AI systems continue to develop, it is also important to create a harmonized ecosystem where AI “collaborates” effectively with arbitration practitioners – be it with counsel or arbitrators. Providers, importers and manufacturers of AI systems bear the most stringent obligations under the Act (Articles 16, 25).
Article 26 of the DIS Arbitration Rules 2018 is similar to Section 278(1) ZPO. It is important to recognize that these processes exist and that the IAA permits them. The above is an abbreviated version of an article published in the SchiedsVZ | German Arbitration Journal, Vol.
53 of 2021, there were two important aspects that were unclear under the Bahraini Law No. Article 3 of the Bahrain Legislative Decree No. This was on the basis that under Article 3 of the Bahrain Code of Execution, arbitral awards were enforced through a court order, rather than a judgment. Prior to Case No.
Whatever the reason for the high rate of uncontested outcomes, we believe they are an important feature of parties’ post-award conduct. In another forthcoming (2025) article (Compliance in the Shadow of the Award, 50 Yale J. This blog post is based on our article, Challenging and Enforcing International Arbitral Awards in U.S.
The substantive proposal of the question was merely based on a proposed reform of Article 422 of the Ecuadorian Constitution (“Article 422”), as explained further below. ” The mechanism through which this alleged recognition would have been achieved was the amendment of Article 422. free translation).
As a graduation task, students prepared articles about the problems and opportunities in public procurement in their countries. An article published in Kazakhstan by Gulbarshyn Karabalina and Svetlana Garkusha prompted the social services department of the Mangystau Region to use a competitive tender for the first time in years.
This article provides an overview of the Law Commission’s review process before discussing its key recommendations and their potential impact on London’s position as a preeminent seat for international arbitration. The article also discusses the rationales underpinning the Law Commission’s recommendations.
This article analyses fifteen arbitration cases in which the respondent argued that the claimant contributed to its injury, either as a result of the investor’s bad business judgment or because the investor’s behaviour provoked the state’s wrongful conduct.
Recent legislative changes to article 63 of the Brazilian Civil Procedure Code (“BCCP”) have nevertheless altered the legal regime of EJAs. Article 63, ss. Article 63, ss. The latter is provided in article 63 of BCCP, which has been recently amended. The recently enacted Law No.
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