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New Index Helps Governments Design Better Escape Clauses to Bridge Fiscal Rigidity with Crisis Adaptability

Inter-American Development Bank

These clauses, designed to provide temporary flexibility from strict fiscal targets during crises, aim to strike a balance between upholding fiscal rules and effectively responding to unexpected circumstances. signifies a 30% margin for improvement in the definition of the escape clause, pinpointing dimensions that received lower scores.

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Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?

Inter-American Development Bank

Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.

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Procuring AI is a risky activity. We need more regulation to make it work in the public interest

Open Contracting Partnership

These “socio-technical” risks are left to the expertise and professionalism of teachers, and the underpinning institutional educational values—which can be monitored and perhaps influenced by parents and other groups. The procurement of toys is usually only concerned with the first type of risks, not the second.

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Interview with Our Editors: In Conversation with Prof. Dr. Stefan Kröll, Co-Director of the Willem C. Vis International Commercial Arbitration Moot

Kluwer Arbitration

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. So far, it has worked … but there is definitively room for improvement. What techniques have been most successful?

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CBAr 23rd International Arbitration Conference: Contractual Incompleteness and the Limits of Consent

Kluwer Arbitration

Hemmingsen highlighted the importance of considering case law in the construction’s location, as the definition of damages can vary by country. The discussions underscored the need for clear legal frameworks and the balance between regulatory intervention and legal security for investors.

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From Award to Enforcement: Nigeria’s Innovative Award Review Tribunal Through the Eyes Of National Courts and Expanding Appeal Horizon

Kluwer Arbitration

The ART has the potential to significantly influence the strategies and outcomes of arbitration cases, which makes it a subject of considerable interest among legal professionals. These grounds may be described broadly as jurisdictional, due process, and public policy. Additionally, it can increase the time frame of the resolution process.

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A missed opportunity to provide meaningful clarification on state aid analysis of procurement compliance and some problematic ‘obiter dicta’ (C-28/23)

How to Crack a Nut

First, in addressing some aspects of the definition of public works contracts that keep coming up in litigation in relation to relatively complex real estate transactions. This part of the dispute concerned the definition of ‘public works contracts’ under Directive 2014/24/EU (issue 1). The case was very interesting in three respects.