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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.
Kosovo Can Seek Compensation for Investor-caused Damages To maintain a balanced relationship between the host state and the investor, Chapter II of the 2024 Law on Sustainable Investments outlines not only the rights but also the obligations of investors.
On the other hand, third-party organizations, like Delos and the American Bar Association, offer various training programs to help participants develop practical skills, such as advocacy and cross-examination, as well as substantive knowledge about arbitration law and practice.
The STJ decision ruled not only on the possibility – and necessity – of a regulatory agency participating in arbitration proceedings between a concessionary and the relevant state entity but also on the limits of extending the effects of an arbitral award over a non-participating third party. Pursuant to Municipal Decree No.
Therefore, he emphasized the need to find the right balance between the protection of these important public policy goods and promoting and attracting FDI to foster economic development and increase the standard of living. In sum, the main take away of this rich panel discussion was that the right balance must be found.
And so you introduce a lot of complexity for any contractor that is thinking about participating in that market. The contractor may not even know, in fact, that they’re participating in an FMS sale. I think the Justice Department has characterized sanctions as the new FCPA, the new Foreign Corrupt Practices Act.
Issues of corruption, investors coming in with unclean hands, as well as investors putting forward inflated claims are also some of the concerns of host states and other stakeholders. In terms of corruption, Prof. Dr. Ong said that there are currently no arbitration rules that define the standard of proof for corruption.
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 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.”
There is room and necessity to take a de novo look at this discussion, especially considering that there are many new participants in arbitration proceedings comparing to a decade ago. In order to counter-balance this, the tribunal decided to cross-examine one of the parties, in lieu of the opposing party.
taking evidence of one or several witnesses by video, with other participants including the arbitral tribunal and counsel to appear in person) or in full. For example, videoconferencing may permit participants to observe the facial reactions of a witness more closely than in a physical hearing room.
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?
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.
The first ICCA Congress with recorded participants was held in Rotterdam in 1966, painting a picture of exclusivity and limited access. The 1966 Congress had 131 participants, predominantly from Western Europe, with only three attendees from outside this region—one from Yugoslavia, one from the USA, and one from Romania.
In May 2017, the Court issued Judgement T-361 , whereby it declared Resolution 2090 void based on the lack of participation by communities located within the Santurbán Páramo and ordered the environmental authority to issue a new resolution for a broader delimitation of the Santurbán Páramo through a participatory process.
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.
Kickstarted by an afternoon of Young ITA events (among them a mock trial session and a debate) and a workshop dinner at a rainy Lake Austin, the Annual Workshop was opened by Tom Sikora , outgoing Chair of the ITA Advisory Board, who welcomed the participants to Austin’s Omni Hotel. Defining the Parameters The first panel moderated by Prof.
In May 2017, the Court issued Judgement T-361 , whereby it declared Resolution 2090 void based on the lack of participation by communities located within the Santurbán Páramo and ordered the environmental authority to issue a new resolution for a broader delimitation of the Santurbán Páramo through a participatory process.
In its 2022 decision, the BGH found that the GWB’s prohibitions on abusing a dominant or superior market position and on boycott and other anticompetitive practices vis-à-vis other market participants are of essential importance for a functional economy and therefore part of the German ordre public.
In this regard, states and stakeholders would have to work on finding a more balanced approach which takes into account public participation, transparency and steps to make it more legitimate in the eyes of public. Where do We Stand?
Emotion AI tools could be used during a case management conference or hearing to monitor participants’ level of attentiveness, engagement, confusion, and anxiety in real time. In essence, it allows all participants to peep into each other’s ‘heads.’
The Voices of Developing States in Multilateral Fora Ladan Mehranvar kicked off the discussion by presenting the findings of her upcoming empirical paper on the attendance and participation of government delegations in the WGIII negotiations. countries, are by far the most vocal participants in the discussions. Canada and E.U.
decisions made by referees or umpires or juries), unless there are fraud or corruption allegations, but this is a high threshold to reach. Provisional measures can be awarded, applying the classic criteria in arbitration of risk of irreparable harm, chances of success and balance of the parties’ interests.
They aim to strike a balance between the sanctity of contracts and the flexibility needed in exceptional circumstances. Brunner suggests, parties’ participation in shaping solutions is definitely a better alternative than an outright intervention by adjudicators. This could arguably be considered an intervention by the tribunal.
Ong highlighted the difficulty of certain international lawyers participating in expert preparation, as their local rules do not permit them to do so. Participants discussed institutional appeals processes, and how such processes run against the goal of arbitration to maximize efficiency. Further, Ms.
Dispute Design and Public Participation In treaty ISDS, arbitration often follows the generic framework of an IIA, which restricts a state’s influence over the specific dispute, potentially impacting legitimacy as it may appear to surrender sovereignty to external entities. It’s a fine balance.
Dispute Design and Public Participation In treaty ISDS, arbitration often follows the generic framework of an IIA, which restricts a state’s influence over the specific dispute, potentially impacting legitimacy as it may appear to surrender sovereignty to external entities. It’s a fine balance.
All states, whether developed or developing, whether member or observer to UNCITRAL as well as governmental organizations, may participate in the deliberations on an equal basis. The WGIII is again a perfect example of such a change.
Governments may collaborate with small and medium-sized enterprises (SMEs) and minority-owned businesses to increase participation. Anti-corruption policies further reinforce integrity in procurement, safeguarding public funds and fostering trust in government processes.
Under the same rationale a similar principle of in dubio pro investor could have a place in international investment law, given that the foreign investor does not participate in the negotiations of BITs, or the drafting of foreign investment legislation.
The choice seems easy to make, as it tends to increase domestic resource mobilization, but the revenue expected needs to be balanced with the cost of administering the complexity and increasing data processing demand of a global tax, requiring investments in technology and capacity building inside their tax administrations.
While the last SIAC Manila Conference 2019 was an intimate gathering of only 80 participants, this year’s ‘ SIAC Manila Conference 2023: Deep Dive into Arbitration Trends ’ held on 25 May 2023 attracted more than 800 registrants, and SIAC had to cap the conference attendees at 500 practitioners, government representatives, and in-house counsel.
This preliminary view was further explored through a survey among the conference participants. There was a need for and a benefit in publishing awards ( e.g. , for research purposes), but the right balance between transparency and the right to confidentiality had to be found.
Workers should also mitigate vendor lock-in that could reduce future competitiveness for public sector deals, analyze total cost of ownership against multi-year budgets, and factor support for domestic innovation ecosystems into procurement decisions to balance globally leading solutions with national economic interests.
New Tables of the Administrative Fees and the Fees of the Arbitral Tribunal The new figures of the Administrative Fees and the Fees of the Arbitral Tribunal in the 2024 Rules strike a balance between cost effectiveness and maintaining high quality services to best serve the interests of users.
The Centre has had four editions since 2019, with the fourth being a hybrid event with physical participation in Accra, Ghana. Balancing being Chairman at LACIAC and a Partner at Banwo & Ighodalo has certainly been challenging particularly in the area of time management. in infrastructure projects.
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 13) Telnic at [29]-[32]. ↑ 17 Mobilox at [40]. ↑ 18 At [18]. ↑ 19 I bid.
Another focus of the ACICA is the greater participation of women as speakers in conferences. 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
Today the majority of teams have participated in numerous pre-moots either in person or online. How do you balance the multiple competing demands on your time? The answer of my family and my assistants concerning the balancing would probably be: not very well. Past interviews are available here.
JCAA aims to strike a balance between efficiency and quality by providing a reasonable amount of scrutiny performed by its secretariat. Lexi Takamatsu (Mori Hamada & Matsumoto, Tokyo) suggested that creativity in the enforcement process is important. who attempted to shield assets from seizure, in a London-seated arbitration.
Security for costs –– a balancing act Following welcome remarks from Caroline Falconer, Secretary General of the SCC, Dr Baltag introduced the topic of security of costs as being one of the timely topics currently addressed in international arbitration. Cost incentives often drive the participation in arbitral proceedings.
The Court noted that the grounds of fraud (substantive and procedural) arose during the arbitration, but were not raised at that time, as the respondent did not participate in the proceedings and only began to raise them after they had been closed, and the arbitrator had heard, considered, and rejected the arguments for reopening the proceedings.
This cumulative approach aligns with parties expectations and balances interests across jurisdictions, promoting consistency in outcomes. Modern arbitration practices allow non-parties to engage meaningfully through mechanisms like joinder and consolidation, addressing most concerns about the impact on non-participating parties.
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