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Foreign Corrupt Practices Act Update: Considerations Around Voluntary Disclosures

GovCon & Trade

Two recently announced Foreign Corrupt Practices Act (FCPA) settlements involving reinsurance companies demonstrate what happens when the rubber hits the road. Tysers Insurance Brokers Limited and H.W. Correspondingly, this is yet another important factor to consider in determining whether to make a disclosure.

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I Know the Witnesses and I Will Believe Them; There is No Need for Cross-Examination: A Rare Example of Arbitrator Bias Before English Courts

Kluwer Arbitration

The Factual Background The dispute arose between a film company and their insurer who had issued a policy in connection with filming. Following an accident whilst filming, the film company submitted a claim under the insurance policy, which the insurer declined. The views expressed in this post are the author’s own.

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“Help Wanted”: Justice Department Debuts its Corporate Whistleblower Awards Pilot Program

Government Contracts Legal Forum

This timeline, while providing an important safe harbor, places increased pressure on companies to make decisions quickly concerning whether to self-disclose or not.

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English Court of Appeal Introduces Uncertainty as to the Scope of Commercial Anti-Assignment Provisions

Kluwer Arbitration

Assignment issues are often of decisive importance in international arbitrations given the hard-edged nature of questions of jurisdiction, title, and standing. That was because the insurance policy itself contained contractual subrogation provisions that largely mirrored the terms of the Japanese statute.

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

Kluwer Arbitration

Fernando Marcondes discussed the importance of contract planning, emphasizing that it is essential for pricing and execution. Hemmingsen highlighted the importance of considering case law in the construction’s location, as the definition of damages can vary by country. She cited an ICC case Refinería de Cartagena S.A.S.

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Hong Kong Arbitration Week Recap: Update on Outcome Related Fee Structure for Arbitration in Hong Kong

Kluwer Arbitration

Sanger also discussed the use of insurance products to offset the risks associated with an unsuccessful outcome, such as CFA insurance. Sanger noted the development of DBA insurance, which acts as another form of WIP (i.e., work in progress) insurance. This underscores the importance of carefully pricing each case.

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2023 Year in Review: Latin America and Investment Arbitration

Kluwer Arbitration

Corruption allegations in arbitration proceedings relating to Peru remain very common. Peru , where the tribunal dismissed Peru’s ratrionae materiae objection based on corruption allegations. Barry Leon , Calvin Hamilton , and Theominique Nottage , the Caribbean region is a net importer of foreign investment.