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In Kazakhstan, opening up procurement boosts public oversight and prevents millions in wasteful spending

Open Contracting Partnership

Challenge: Despite ongoing government reforms, corruption and inefficient spending remains pervasive in Kazakhstan’s public procurement. Finally, the Anti-Corruption Agency is proactively supporting the development of civic monitoring and has agreed to cooperate with the civil society coalition to monitor procurement.

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Mongolia: Investment Related Developments in the Mining Sector

Kluwer Arbitration

Mongolia was an UNCITRAL arbitration under the Russia-Mongolia BIT involving the imposition of a windfall profit tax on gold sales exceeding a certain price. This continued decline was largely due to commodity price changes and concerns about the regulatory uncertainties and precarious legal environment. million in 2015.

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Australian Arbitration Week Recap: Hot Cakes & Hot Takes—Trends and Developments in Asia’s Energy Sector

Kluwer Arbitration

For example, due to an increased focus on value with tighter margins, price disputes in LNG projects are becoming more likely and frequent. LNG Price Reviews in Asia Versus Australia Historically, LNG price reviews in Asia were compromised and settled.

Price 59
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Public procurement (entry for an Encyclopaedia)

How to Crack a Nut

However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.

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The GAFTA Default Clause and the Scope of Arbitration Appeals

Kluwer Arbitration

In this case, Mundra, India, was the discharge port, such that the price included transportation to and unloading at Mundra. b) If either party be dissatisfied with such default price, or if the right at (a) is not exercised and damages cannot be mutually agreed, then the assessment of damages shall be settled by arbitration. (c)

Buyers 52
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Key Principles of Public Procurement: Transparency, Value, and Fairness

Tracker Intelligence

This guide examines the fundamentals of public procurement, including fairness, value for money, and transparency, and how they influence both ethical and effective procurement procedures. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.

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2023 Washington Arbitration Week Recap: The Interplay Between ICJ and ISDS, the Eyes of International Adjudication Are Humanized

Kluwer Arbitration

The program bridged and expanded the discussion that took place at a highly popular program featured in the 2022 edition of WAW on the influence of public international law (“PIL”) on ISDS (read the prior KAB coverage here ). He explained that the ICJ (or “World Court”) has referred to ISDS cases only in very few instances.