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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. Therefore, any proposed dispute resolution mechanism should permit balancing privacy rights and public interests.
In our recent publication, Asymmetric Sovereign Risk: Implications for Climate Change Preparation , we explore how perceptions of climate risk influence sovereign spreads across countries with varying economic conditions. To learn more how the IDB works with governments to strengthen their fiscal balances visit our Fiscal Management page.
Key Takeaways Bidding on government contracts presents significant growth opportunities for businesses, especially small enterprises, with substantial revenue and credibility benefits. government is the largest purchaser in the world, significantly influencing the purchasing landscape. Government agencies as major buyers The U.S.
Three important variables worth highlighting are borrowing costs, primary balances, and exchange rates. The Effects of Inflation on Primary Balance The impact on the primary balance, which reflects the government’s ability to generate surpluses or reduce deficits, also differs between demand and supply shocks.
Will businesses go backwards due to necessity and survival or will they step up and push forward to go further and faster to achieve the right balance? On the business side, it may question the raison d’être and bring focus to finding the right balance between society, the environment and the economy. Balancing the Imbalanced.
The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said. In light of the social unrest and concerns we’ve seen around the world, particularly in the U.S., Procurement has a big role to play here.
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. Many rules are not binding in practice.
Panama’s decision to terminate a contract was influenced by the Claimants’ failure to provide the necessary operational expenses to support their change order requests. These actions were deemed significant, considering that Panama had granted multiple time extensions to complete the project.
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. Note: The graph presents the average score in each dimension for the 13 countries in the sample.
In a world where present geopolitical tensions continue to worsen and the current global order continues to show signs of disintegration , sanctions have emerged as a key strategic tool to pressure third countries to comply with their international law obligations and further prevent additional violations of international agreements.
An emerging theme from the Report is the conflict between parties’ desire to not be ‘cut-off at the knees’ when presenting their case and their wish for a more time- and cost-efficient approach to the resolution of their dispute. With this conflict in mind, it may fall on the tribunal to ‘tame’ the evidence.
Arbitrations evolution has intensified during the time of my editorship and has influenced the ways in which public discourse on arbitration is currently conducted. The notes reference to the previous judgment also brings a clearer picture showing the application of the present judgment.
The discussions were held under the Chatham House Rule, with each panelist presenting his or her insights, followed by a moderated Q&A session. Although advisory opinions are non-binding, they are intended to influence domestic and international litigation.
Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. To accommodate changing shopping behaviors and deliver experiences that delight customers, retailers will need to find the right balance. This spend area still presents a huge opportunity for procurement. Attack GNFR Spend.
Within two years, he mentioned that numerous claims were presented to the dispute board, impacting positively the project’s progress. The discussions underscored the need for clear legal frameworks and the balance between regulatory intervention and legal security for investors.
First, the panelists discussed the concept of “controlling influence”, which, as Dobrý pointed out, varies in practice, and is not limited to structural ownership and can manifest via the exercise of veto power or the power to appoint board members. Delays often stem from the excessive and misleading presentation of documents.
Factors which influence outsourcing: Smaller public entities, in terms of budgets, typically do not fund staffing resources for procurement. The balance between savings and values needs to be part of the conversation. He presented to the World Bank on social procurement strategies. Outsourcing is getting attention.
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. If used wrongly, it presents a risk of eroding the fundamental principle of finality in arbitration, potentially prolonging dispute resolution processes.
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. The panel was moderated by Simon Batifort (Partner, Curtis, Mallet-Prevost, Colt & Mosle LLP).
Such due diligence should be proportionate to any additional specific risk posed by the use of AI, and could include site visits, clarification questions or supplier presentations. It presents as ‘for information only’ a request for information on the use of AI or machine learning in the context of the actual delivery of the contract.
By embedding these principles in IIAs, States are creating a legal foundation that can balance investor rights with the urgent need for environmental protection and social equity. The availability of ISDS significantly influences investors’ decisions. Abolishing it without presenting a viable alternative would thus be detrimental.
They either involve new technologies, pressing ESG-questions, a particular way of contracting or controversial goods where the underlying interests are usually much more complex than presented in the public discussion in different parts of the world. How do you balance the multiple competing demands on your time?
Moreover, the case raised questions on the extent to which the parties to a dispute leading to a request for a preliminary reference can seek to clarify in front of the ECJ the underlying circumstances of the dispute, where the referring court has presented an incorrect or biased fact pattern.
Allen explained how young arbitrators tend to arise from bigger law firms, which may present further difficulties with disclosure through double-hatting. The panelists noted present challenges in the review of funding agreements and confidentiality. Acknowledging that connections play an important role in arbitrator selection, Ms.
The challenges that civilian agencies must overcome are different than those facing the Department of Defense, for instance, while the components of the Department of Homeland Security often must balance their security requirements against their law enforcement or emergency services missions. A graduate of the U.S.
For example, from 2013 to 2018, “[y]ear-over-year [wage] growth has mostly ranged between 2% and 3%[.]” [27] Thus, we are presently in a time of accelerating wages. Finally, as with other indicators, the data shows that, presently, significant inflation remains. The experts are presently debating the prospect. [58]
The PAP includes other directives and guidance that raise questions regarding equity and balance in the evaluation and negotiation of FSS pricing terms. Significantly, FSS Blanket Purchase Agreements (BPAs), which leverage individual agency requirements, now account for over 53% of the dollar value of orders under the program.
Similar to previous years, Working Group IIIs work was presented to and finalized at the UNCITRAL Commissions 57th session , some of the outcome of which are presented below. The outcomes of 2024s deliberations are poised to influence ISDS reform efforts in 2025 and beyond. 9/WG.III/WP.238 9/WG.III/WP.235 9/WG.III/WP.239
Our Blog presented an overview of the key amendments and new updates in the 2024 Rules. While these differences may not always dictate case outcomes, they can influence party preferences and strategies when selecting a seat of arbitration.
If a company already has a confirmed work plan for exploration, this should not present any difficulties. Limited Jurisdiction of the SDC Finally, it is not yet clear what influence Art. These requirements are identical to those of the Exploration Regulations for polymetallic nodules (Exploration Regulations-PMN). 187(d) of UNCLOS.
Another key update in this regard is the substantive revision of investment protection provisions, which now better balance investor rights with the right of Contracting Parties to regulate within their territories. At present, with the information available, it is challenging to identify specific trends.
Her commitment to balanced and thoughtful acquisition policy has set a standard for integrity and innovation in Federal procurement, and her transparent approach has fostered trust and collaboration among industry partners and stakeholders. Fields career is a testament to dedication, professionalism, and excellence in public service.
Highlights from Africa At present, there is a lack of predictability as regards African countries. In particular, the renewal of the US African Growth and Opportunity Act (AGOA) hangs in the balance. Highlights from our Africa speaker Virusha Subban (South Africa) are set out below, and can be heard here.
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