This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
whistleblower attorney is in Geneva, Switzerland to address the United Nations Human Rights Council , highlighting the essential role of whistleblowers in defending human rights and fighting corruption worldwide and stressing the importance of stronger legal frameworks. On September 11, Stephen M.
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.
Notably, it broadens the definition of foreign investors while removing the principle of dual nationality, eliminates open consent to arbitration, and grants Kosovo the right to seek compensation for damages caused by investors.
million to settle allegations it violated the Foreign Corrupt Practices Act (FCPA) when its Chinese subsidiary paid for travel and associated recreational activities of Chinese officials employed at state-owned healthcare facilities. The case revolves around the definition of “U.S. There were also a few China-related actions.
Satyendra was murdered over 20 years ago upon exposing corruption involved in the construction of India’s largest highway project at the time, which resulted in poor quality of work and the looting of public money. Many think of a specific name of a whistleblower whose story became a national sensation.
Corruption and the arbitrary exercise of power is not just monetary, and the need for society to defend those who speak truth to power is essential for the defense of truth,” said Nikhil Dey, whistleblower activist who facilitated the session.
The recent Foreign Corrupt Practices Act and money laundering conviction of former Vitol oil trader Javier Aguilar in a New York federal court provides defense takeaways on issues ranging from the definition of “domestic concern” to jury instruction strategy, says attorney Andrew Feldman.
In Singapore, emergency arbitrator has been included in the definition of ‘arbitral tribunal’ in section 2(1) of the International Arbitration Act 1994 (amended in 2012). The Arbitration Bill does not include emergency arbitrator within the definition of ‘arbitral tribunal’ or ‘arbitrator’ (sections 15, 82).
Krupski’s methodology of distributing information calls attention to the lack of public knowledge on whistleblower protections: current SEC definitions disqualify whistleblowers who report fraud to the media, other government agencies, foreign law enforcement, or a U.S. embassy before the SEC, considering them “involuntary.”
These and other constraints under the model law are commendable anti-corruption measures, but may make it more difficult to accommodate emerging “green procurement” approaches. Article 8, for example, warns the procuring agency, “when first soliciting the participation of.
There’s definitely some satellites that are in operation that probably don’t have software update capabilities. And so we need solutions that can help protect against memory corruption vulnerabilities, where an adversary can use an external interface or sensor or a wireless communications interface and take over that space system.
Relying on this definition, the Claimants argued that KS&T’s emission allowances constituted “property” and therefore qualified as an investment under NAFTA. Property” is commonly included in the definition of “investment” in investment treaties, but many treaties do not expressly define “property.” The Koch v.
It found that neither the contract nor the addendum was void due to the corruption allegations. Circuit focused its analysis only on the following two grounds under Section 10 of the FAA: Section 10(a)(1): Where the Award Was Procured by Corruption, Fraud, or Undue Means The D.C. In 2020, the arbitral tribunal rendered its decision.
What changes will you make in the coming 5 years and what will definitely remain? 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
While that definition undoubtedly would cover sophisticated machine-based systems such as ChatGPT, it might also cover rudimentary machines that the drafters of the Rules may not have intended. The breadth of this definition impacts parties that incorporate the JAMS AI Rules into their agreements.
This includes a fairly broad and future-oriented definition of AI, provisions on safeguarding confidentiality and furthermore, ensuring the integrity of the arbitral proceeding. However, before having a deeper look into the Guidelines themselves, one question needs to be answered: is there even a need for further rules?
Because the amendment has only been made to the Arbitration Act 2010, the definition of “dispute resolution proceedings”, while broad, only covers arbitrations or other forms of dispute resolution proceedings that arise out of, or are in connection with, international commercial arbitration. The Resolution observed in its Introduction (para.
She noted the enduring relevance of the Report’s definition ( para. After that, she underlined three potential relations between ESG issues and FM clauses: FM clauses with general definitions followed by a list of FM events, including ESG-related issues. Similarly to cases involving corruption or money laundering.
The complainant alleges that goods assembled/completed in Vietnam are “like goods” that otherwise meet the product definition in the February 2022 CITT finding initiating measures against chassis from China.
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 Once again, the Court demonstrated a favorable and respectful stance towards arbitration.
The travaux preparatories of the Convention titled “ Report by the Secretary General ” dated 31 January 1956 indicate that whilst the contracting states considered including a definition of the term ‘arbitral award’ but, later, each Contracting State was given the flexibility to define its respective parameters.
Instead, among the assets listed in NAFTA’s definition of investments in Article 1139, they refer to GSI as an “enterprise”, “ equity and security ” through the Einarssons owning all of GSI’s shares, the Einarssons’ loans to GSI, and the interests from profit-determined remuneration by GSI ( paras. The claimants in Einarsson v.
Treatment of dual nationals under the BIT The BIT contains a definition of “investor” that includes natural or legal persons who hold the nationality of any of the contracting parties (BIT, art.
In particular, the absence of a definition of the term ‘arbitration’ gave rise to uncertainty and controversy which the CJEU was asked to resolve. In this regard, the Court of Justice of the European Union (“CJEU”) was requested to rule on the scope of the arbitration exclusion.
Older generations of arbitrators are aging out and, by definition, younger arbitrators have sat in far fewer cases, making their incidentally published awards even more scarce. Arbitrator Intelligence sought to solve this problem much the way UBER solved transportation problems. Long live arbitrator intelligence!
Tackling Climate Change in Todays Legal Environment The first session was moderated by Piera Coppotelli (Bank of Italy) and aimed to set the scene for the conference, by providing a definition of climate change claims and analysing the main legal issues they raise.
Uzbekistan , on the use of inferences to presume the existence of corruption in an investment), caution is warranted. This post does not intend to draw a definitive conclusion from the parties’ behavior, but instead encourages the integration of behavioral economics, when appropriate, to the application of inferences in arbitration.
Criteria for Treaty Protection Investors must ensure they meet the threshold conditions contained in the relevant treaties, including: (i) the definitions of a qualifying investor and qualifying investment; and (ii) other requirements (e.g., a negotiation period, time limitations, or excluded disputes).
This was definitely not by chance. Role of Third-Party Financiers Last but definitely not the least is topic (iv) of the post. The 2024 London International Disputes Week (“LIDW”) was stage to several discussions regarding mass litigations. Whether this is negative or positive, it is for the future to tell.
So far, it has worked … but there is definitively room for improvement. There definitively is a tendency towards amicable settlement under the DIS Rules, and the provision gives the arbitrators a justification to ask at different times during the proceedings whether there is a chance of a settlement. Past interviews are available here.
An estimation of the quantum of a claim is admissible if a definitive determination is not possible or associated with disproportionate difficulties. 287 ZPO offers a different perspective. By comparing Sec. 1) An estimation under Sec. 4 (2023), which is also included on Kluwer Arbitration.
Definition and Examples of Digital Assets Mr. Speller first offered a definition of the term “digital assets” in laymen’s terms: an “asset” is something of value, while “digital” means comprised of data, particularly numeric data. More coverage from Seoul ADR Week is available here.
Bright line” rules This same emphasis on practicality can be seen in the Draft Act’s definition of “international commercial arbitration”. If a law achieves those ends, it is a good law. What matters is the end result, not the doctrinal purity of the approach adopted.
The AMA also lacks precise directions for the ART’s conduct of proceedings, as the requirements to align with the parties’ agreement and “ appropriate manner ” lack definition. Additionally, it can increase the time frame of the resolution process.
Delamuta then compared the concepts of fundamental breach and definitive default provided in the paragraph of article 395 of the Brazilian Civil Code. Follow along and see all of Kluwer Arbitration Blog’s coverage of the CBAr 22 nd International Arbitration Conference her e.
In our view, a substance over form approach is preferable, and this approach is consistent with the Court’s definition of a final award in Voltas v York. However, the Court did not comment on whether an express reservation of jurisdiction can be established in an award that is labelled as a “Final Award”.
The COC then provided the definition of public policy as determined by court decisions and what it encompasses under the law. In doing so, it referenced Article 53 relating to the grounds of annulment of an arbitral award amongst which the non-arbitrability of the subject matter of the dispute.
” Verónica Valle, Director, ChileCompra Transparency and access to information In late 2023, ChileCompra introduced a campaign called “Stop Corruption”, to promote the Observatory’s channels for citizens to submit confidential complaints.
The evidence before the tribunal showed that snow crab had generally been treated as falling within the definition of UNCLOS Article 77(4) (para. Likewise, the tribunal rejected that Norway’s treatment of the snow crab status was arbitrary or that it demonstrated a lack of good faith.
Yet a relevant report released by the International Council for Commercial Arbitration (‘ICCA’) has definitively concluded otherwise. Although the new norm of virtual hearings has become common, some are concerned about their adoption, alleging a violation of the right to a physical hearing and consequently access to justice.
The definition of “ investor ” requires legal persons to engage in “ substantive business operations ” in a host State. This is in line with the CJEU’s ruling in Achmea (C-284/16), deciding that investor-State arbitration under intra-EU BITs is incompatible with EU law. What Is Covered in Their Scope?
It also addresses previously unaddressed issues by incorporating specific definitions and notably abandons the fair and equitable treatment standard, replacing it with a new standard of fair administrative and judicial treatment.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content