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Smart Public Procurement Can Contribute to Marofiscal Stability Smart public procurement spending can be a critical area for improving fiscal balances because it can improve the effectiveness of public expenditure by reducing waste. Better fiscal balances will contribute to greater macroeconomic stability.
It should then not be surprising that the possibility that artificial intelligence (AI) could ‘change the rules of the game’ (eg Santiso, 2019 ) and bring procurement corruption to an end is receiving significant attention.
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.
As discussed below a recurring theme was the need to find a balance between having model clauses that were, on the one hand, innovative and likely to lead to faster and more efficient resolution of disputes in practice, while, on the other hand, containing sufficient quality and due process safeguards.
Leveraging arbitration’s strengths can ensure smooth integration of data privacy protection in our interconnected world, balancing individual rights with the ever-growing demand for data. To that end, they employ two central mechanisms: a consent-based model and a set of clearly-defined rights.
He further emphasized the importance of balancing self-promotion with substantive contributions. He used the German concept of Fingerspitzengefhl to illustrate the instinctive ability to process and analyze complex information and find solutions for the challenges that may arise while working on cases or navigating ones career.
First, how arbitration engages with criminal lawparticularly the way tribunals handle corruption allegations and other criminal issues that arise during proceedings. ramping up enforcement of the Foreign Corrupt Practices Act (FCPA), triggering high-profile investigations and hefty penalties for cross-border bribery.
These included ongoing issues such as poor institutional coordination, lack of transparency, high levels of corruption, and murky lines of accountability. The legal framework as well as the creation of procurement oversight agencies led to more accountability, with a clear set of rules as well as checks and balances.
The wide-ranging program covered cutting edge technological innovations and timeless human considerations such as persuasion, corruption, and disability inclusion. Additional information can be found on the AAAi Lab website. Roundtable Dialogue: Corruption in Arbitration – Have Expectations for an “Interventionist” Tribunal Shifted?
The Court considered that “the suggestion that it was unnecessary to call any expert witnesses was plainly not an expression of a balanced and impartial view, or merely a concern about the hearing over-running, or an attempt by the arbitrator to impose an orderly and economical procedure on the parties.”
The article considers the consequences of this network of rules and argues for a balanced approach to confidentiality which allows for exceptions where necessary in the interest of justice. Such an approach would align the Australian position with international standards.
And I think that’s broadly informed by a transition away from what was more or less a unipolar world to one that’s much more multipolar, right. I think the Justice Department has characterized sanctions as the new FCPA, the new Foreign Corrupt Practices Act. It’s getting tremendous attention. It is complicated.
For example, provisions in public procurement laws and regulations that do not require publishing information on small procurements hinder transparency and fiscal discipline, creating opportunities for fraudulent practices. New e-GP developments provide an opportunity to adopt OCDS as a backbone data standard.
To gauge the presence of AI in arbitration, the panel conducted an informal survey on the use of AI with 11 arbitral institutions. Hay highlighted common concerns regarding the use of AI, in particular the lack of information and understanding of how algorithms work. As put by McIlwrath, “AI is not going to take your job.
The discussion also addressed the potential tension between diversity and qualification, debating how to balance the two. Bucki advocated for a broader approach to efficiency, emphasizing that it should encompass a balance of time, cost, and quality. Confidentiality – Just Another Outdated Concept?
Following the Claimant’s Observations , the Tribunal informed the disputing parties that it decided to reject the request in a letter dated December 31, 2023. ARB/21/63) had ruled on a preliminary objection regarding the scope of Annex 14-C of the United States-Mexico-Canada Agreement (“USMCA”).
The panel considered this question against the need to maintain confidentiality and balance competing common and civil law practices. He noted that we must be careful to ensure that AI does not, for example, misrepresent or produce false information, or conduct an arbitrator’s reasoning. Is greater transparency needed for revolution?
This post considers the decision, its implications and practical tips for arbitrating parties to protect confidential information from publication. Further, Mr Goren had not identified any specific confidential information that he sought to protect. Weighing the arguments, the Court found in favour of publication.
Under Law 1382, the páramo area shall be identified by the cartographic information provided by the Alexander Von Humboldt Investigation Institute (“Von Humboldt Institute”). 937, which adopted the cartographic information of a 2007 Páramo Atlas to identify and delimit Colombian páramos.
The importance and positive contribution of public procurement law to the adequate management of public funds may seem difficult to appreciate in ordinary times, and there are recurrent calls for a reduction of the administrative burden and bureaucracy related to procurement procedures, checks and balances.
We are also very pleased that we achieved one of the closest gender balances in survey responses last year, closing the gap between Men and Women from a 22% differential in 2022, to an 11% differential in 2023. Across the last five years, this puts us at an average of Net Promoter 82, exceeding our strategy cycle target of 80.
Under Law 1382, the páramo area shall be identified by the cartographic information provided by the Alexander Von Humboldt Investigation Institute (“Von Humboldt Institute”). 937, which adopted the cartographic information of a 2007 Páramo Atlas to identify and delimit Colombian páramos.
This article thus calls for a critical evaluation of the de novo standard with a view to developing a more balanced system that would pay due regard to the competing goals of efficiency and legitimacy of the arbitral process.
These inevitable occurrences, which are beyond the control of the parties, can fundamentally affect the performance of the agreement, either by rendering its fulfilment untenable (impossibility; force majeure) or disrupting the foundational assumptions that informed the parties’ contractual decisions (supervening imbalance; hardship).
We are happy to inform you that the latest issue of the journal is now available and includes the following contributions: Markus Burgstaller & Dmytro Galagan, Contributory Fault in International Investment Arbitration As a general rule, if a state commits a wrongful act, it is under an obligation to make full reparation for the injury caused.
2, item I, to disclose the main information about the arbitral dispute, including its existence, the parties involved, amounts in dispute, assets or rights at stake, main facts, and the reliefs sought by or against the joint-stock company, within 7 (seven) days of the commencement of the proceedings. 80/2022 (“Resolution”), Annex I, art.
We are happy to inform you that the latest issue of the journal is now available and includes the following contributions: Adam Tahsin & Marius B. To restore balance, the commentary advocates for a framework guided by the police powers doctrine, enriched by the principle of proportionality.
This paper considers the prevailing approaches taken across different jurisdictions and ultimately proposes an alternative approach for common law to strike a better balance among all competing interests.
Overall, the panel expressed optimism on the practical applications of legal technology and AI, while remaining vigilant about the potential for AI “hallucinations”—which is the generation of inaccurate or fabricated information—and stressed the need to maintain human oversight over technology.
He noted that contracts often lack complete information, sometimes intentionally due to the impossibility of preventing all the issues on major construction projects. The discussions underscored the need for clear legal frameworks and the balance between regulatory intervention and legal security for investors.
Decision of the Court According to the Pechstein Decision, the constitutional limits of externally determined arbitration agreements are governed by the right to a fair trial balanced against the freedom of contract and the protection of private autonomy (para. Instead, a balancing of interests is required (para. 40 et seq.).
Anti-corruption policies further reinforce integrity in procurement, safeguarding public funds and fostering trust in government processes. Aligning these goals with community priorities and adhering to legal requirements ensures a balanced approach. Spend analytics It is also essential to utilise detailed spending analytics feature.
The ICC offices in São Paulo report that almost 85% of their total amount in dispute regards cases with Brazilian state entities [fn] As informed by the ICC’s Counsel during the 2022 Brazilian Arbitration Day organized by the ICC in São Paulo, Brazil. [fn]. It’s a fine balance. Out of which, one fifth involve state entities.
The ICC offices in São Paulo report that almost 85% of their total amount in dispute regards cases with Brazilian state entities [fn] As informed by the ICC’s Counsel during the 2022 Brazilian Arbitration Day organized by the ICC in São Paulo, Brazil. [fn]. It’s a fine balance. Out of which, one fifth involve state entities.
On May 10, 2021, and following the provisions of clauses 12 and 18(2) of the Contract, the Buyer commenced arbitration proceedings, under the rules of the ICC, before a sole Arbitrator, in an abbreviated procedure, in which it demanded the restitution of the paid advance balance, plus interest, and costs.
Rovinescu mentioned that witnesses, in general, play a fundamental role in construction disputes, and that counsel often need to control the volume of information and their emotions, particularly when they are deeply engaged in the project. For example, there is plenty of public information regarding investor-State arbitration.
For tribunals to take this desired intervention, Toby Landau KC considered that: counsel must not stoke the ‘due process paranoia’ of tribunals by levelling dubious submissions concerning a lack of due process; more information is needed regarding the prospects of due process challenges; and more “ spine ” is needed from tribunals.
For others, there is a growing risk of disputes as States balance investor obligations with environmental commitments. Despite the uncertainties, the modernization process is perceived as an effort to reform broadly and strike a balance between safeguarding foreign investment and maintaining host state sovereignty.
This encompasses being aware of public information and conducting specific investigations if there are grounds for suspicion, though excessive inquiries might hinder the procedure. He noted that Draft Provision 12 appears to move away from that balancing act, instead legitimising any form of state regulation. of the VIAC Rules ).
An emotion AI application could not only monitor the main speakers but also reveal valuable information expressed by others present in the room, providing crucial insights that might be missed even by those skilled at ‘reading the room.’ On balance, emotion AI should be embraced, albeit within responsible and ethical boundaries.
Christophe Seraglini and moderated by Anne Véronique Schlaepfer , discussed the balancing act that arbitrators face in ensuring the right to be heard. The panel looked at various practical issues such as the admissibility of whistleblower evidence or the leakage of confidential information to the other party.
the quantity and depth of new information) and whether new information is actionable for key stakeholders such as bidding firms; and (ii) the nature of demand for transparency, that is the existence of data users who are willing and able to act upon the information published.
However, the focus on delivering a conventional energy business in a value-focused way has led to more disputes due to finely balanced economics and resource shortages. In both cases, however, there is a need for careful handling of confidential information including through the use of data rooms.
The parties have to make corresponding provisions in their balance sheets and the labour of their employees is utilised for an indefinite period of time. See here for more information on and other contributions to the Journal. In conventional proceedings – be they court or arbitration proceedings – the end is often hardly foreseeable.
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