Remove Corruption Remove Ethics Remove Negotiation
article thumbnail

What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethical procurement. In this post, we explore what ethical procurement means and why it is so important.

Ethics 52
article thumbnail

How exporting weapons becomes risky for contractors who make the exports

Federal News Network

I need to do business with people that meet certain standards of ethics and conduct. company is going to obtain a commercial export license for those defense articles from the State Department, which will allow them to negotiate with and sell directly to a foreign government. Export control laws.

Export 106
article thumbnail

Arbitration Tech Toolbox: Emotion AI: A Game-Changer for Efficiency and Due Process in International Arbitration?

Kluwer Arbitration

In a legal context, elements of emotion AI are already being used in negotiation and mediation processes (e.g., AI-powered chatbots used by Walmart to negotiate with suppliers). On balance, emotion AI should be embraced, albeit within responsible and ethical boundaries.

article thumbnail

Europe Embraces a New Dawn of Arbitration in Asia

Kluwer Arbitration

This discussion resulted in the Arbitration and Conciliation Act being amended in 2015 to clarify that foreign awards would only be considered contrary to public policy if, for example, the award was affected by fraud or corruption or contravened the fundamental policy of Indian law.

Ethics 52
article thumbnail

European Commission Publishes Non-Paper of Model Clauses for Member States’ Bilateral Investment Agreements with Third Countries

Kluwer Arbitration

In October 2023, the European Commission published a Non-Paper of Annotations to Model Clauses for Negotiation or Re-negotiation of Member States’ Bilateral Investment Treaties (“BITs”) with Third Countries (“Model Clauses”) (“Non-Paper”).

article thumbnail

2023 Year in Review: ISDS Reforms – Milestone Achieved, Uncertainties Persist

Kluwer Arbitration

Professor Giorgetti also noted the lengthy negotiation process of the Codes and underscored the potential for divergence in ethical rules arising from their bifurcated nature. Yet, it is never an easy job.

Balance 52
article thumbnail

LIDW 2024: Shifting Attitudes Towards Third Party Funding – Views From Across the Globe

Kluwer Arbitration

Nevertheless, he confirmed that having a 50% non-negotiable cap at the beginning is going to decrease the attractiveness of funding the case in question. From the funders’ perspective, Harshiv Thakerar stated that in principle, funders do not attempt to recover more than 50%.

Import 52