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Procurement as a Strategic Driver of Digital Transformation Public procurement wields immense influence over markets, technology adoption, and the direction of societal progress. The Role of AI in Procurement AI offers powerful tools to improve efficiency, accuracy, and transparency in procurement processes.
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.
To make matter worse, misapplication of Other Transaction Authority (OTA) and FAR 6-302 sole source rules has undermined transparency, and prevent fair and open competition. that prohibits SETA contractors from using their insights and influence to gain an unfair advantage or worse, commit fraud. Congress must enforce FAR 9.5
These guidelines can assist parties to jointly agree on a mechanism to increase the transparency of relevant arbitral proceedings, including the submission of amicus curiae briefs. In addition, lists of arbitrators and specialists with expertise in climate change-related fields of knowledge can be made available.
While containing what may at first appear to be limited changes, the 2024 IBA Guidelines are significant because, among other things, they place a particular emphasis on the need for a concerted effort to ensure that the arbitration proceedings are conducted transparently, impartially and independently.
Scope of Application Differently from traditional investment agreements, the stated purpose of the SIFA is not only to foster foreign direct investment (“FDI”) (Article 1), but also to do so in a manner that integrates environmental and labour standards, transparency, and corporate social responsibility.
Navigating the Human Elements in Arbitration The ICCA Hong Kong 2024 conference also explored how to navigate the human elements that influence arbitration. Mark Friedman explained that humans are influenced in their decision-making by the need for “cognitive comfort” (i.e., See the remainder of our coverage here.
GTI-WP/2020:01, Budapest: Government Transparency Institute. It establishes a robust methodology to explore what impacts can be measured and also explores the channels through which transparency is indeed impactful – e.g. who are the stakeholders and enablers that are the actual drivers of change using increased transparency.
In this context, he pointed out that the extent to which parties are prepared to fund the arbitration process (“ which price they are willing to pay” ) can significantly influence the tribunal’s ability to thoroughly address the complexities of the case. The Sorcerer’s Apprentice – Only Upsides to AI in Arbitration?
The vision is to go beyond supporting “just” a transparency and reporting portal to have a digital ecosystem that integrates real-time damage assessments, budgets, project planning, procurement and delivery. It includes indicators such as the population of the community affected, level of urgency, economic influence, or ecological impact.
The discussion aims to delve into the standards, practices, and dilemmas associated with maintaining integrity in the arbitration process, making it a significant highlight for professionals concerned with ethical conduct and transparency in arbitration proceedings. “The Silk Road and the BRICS Road: Where Does it Lead?
Nevertheless, a growing number of arbitrations revolve around matters like environmental permits, green incentives, the need for a “social license,” and corruption. The availability of ISDS significantly influences investors’ decisions. At least not explicitly.
Diana Bayzakova, director of the TIAC, further explained how these changes have influenced the choice of TIAC as a preferred arbitral institution and have also shaped the perception of Uzbekistan as a neutral jurisdiction. The panelists discussed efforts to develop Uzbekistan’s arbitration sphere, a theme explored throughout the week.
As explained by the Guidelines themselves, they are “[i]ntended to guide rather than dictate” and “to accommodate case-specific circumstances and technological developments, promoting fairness, efficiency, and transparency in arbitral proceedings.” Vitaly Ivanovich Smagin , No. 22–381 (U.S.
Influenced by legacy foreign direct investment policy practices, governments often prioritize lower taxes to stimulate economic growth and attract investment. Ensuring ease of doing business by simplifying bureaucracy and regulations, combating corruption, and advancing research and development.
A Special Address was then delivered by Chief Justice Devendra Kumar Upadhyaya of the High Court of Bombay where he noted the growing focus on green arbitrations, increased use of technology, greater transparency, diversity, and procedural changes as part of various reforms in international arbitration.
The second panel, “ TechTalk: Unraveling the Tapestry – AI’s Influence on International Arbitration”, included Luke Sobota ( Founding Partner, Three Crowns LLP), Nilufar Hossain (Investment Manager and Legal Counsel, Omni Bridgeway), Rachel Thorn (Partner, Cooley LLP), and Marco de Sousa (Senior Associate, Herbert Smith Freehills LLP).
Factors influencing these choices include the backing of a robust and pro-arbitration judiciary, comprehensive legislative frameworks, and legal predictability. The panel reached a conclusive consensus to emphasize the need for ethical, fair, and transparent deployment of AI in arbitration.
They noted that VR and AR can be costly, complex, and raise questions of confidentiality, reliability, and influence. Conclusion The future of arbitration can be shaped by integrating ESG factors and AI, and by prioritising diversity, accessibility, and transparency.
The sole source justification process is rigorous and requires approval from the organization’s procurement services, with steps including the completion and review of a justification form, internal review and approvals, and adherence to transparency and compliance regulations to manage risks effectively.
Dispute Design and Public Participation In treaty ISDS, arbitration often follows the generic framework of an IIA, which restricts a state’s influence over the specific dispute, potentially impacting legitimacy as it may appear to surrender sovereignty to external entities. Yet, BRAMIA is not a universal solution.
Dispute Design and Public Participation In treaty ISDS, arbitration often follows the generic framework of an IIA, which restricts a state’s influence over the specific dispute, potentially impacting legitimacy as it may appear to surrender sovereignty to external entities. Yet, BRAMIA is not a universal solution.
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.
Arbitration has several features that suit the resolution of climate change disputes: neutral forum, arbitrators with specialist expertise, procedural flexibility, confidentiality (though in tension with transparency), and ease of enforcement. Similarly to cases involving corruption or money laundering.
The majority adopted a broad interpretation: “transparency, stability and the protection of the investor’s legitimate expectations play a central role in defining the FET standard” (para. Recently in the IC Power case, decided under the Peru-Singapore FTA , the tribunal also took that position (paras.
Procurement is thus seen as a mechanism of ‘regulation by contract’ whereby the public buyer can impose requirements seeking to achieve broad goals of digital regulation, such as transparency, trustworthiness, or explainability, or to operationalise more general ‘AI ethics’ frameworks.
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.
Procurement rules and policies seek to ensure that contract awards are free from corruption, conflicts of interest or anticompetitive practices, and that these vast sums of public funds generate value for money and support social, environmental, and innovative practices.
Legal and Regulatory Transparency The Model Clauses propose an Article on transparency, which requires publishing laws and regulations of general application that may affect investors. A host State’s exercise of powers of any ordinary commercial actor (e.g.,
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.
This approach could provide a more streamlined, less costly avenue for resolving data privacy disputes, thereby enhancing transparency, accessibility, and cost-effectiveness in the realm of data privacy arbitration, and ensuring that individuals and smaller entities are not deterred from seeking justice due to prohibitive costs.
Denton highlighted in his opening remarks, the timing of this year’s Conference coincided with the United Nations General Assembly, an auspicious reflection of the ICC’s history as a steadfast institution providing neutral, transparent, inclusive, and accountable multilateral platforms for the past 100 years and the century to come.
SIAC appears to be on the frontlines of influencing this progress, having administered cases involving 169 parties from the Philippines with a total sum in dispute in excess of SGD 5 billion in the last five years. Gloria Lim , CEO of SIAC, and Ms. In concluding the day-long conference, Ms. This article is submitted in a personal capacity.
Yoshimi Ohara (Nagashima Ohno & Tsunematsu, Tokyo) considers the seat to be important because it influences the style of arbitration, which is often shaped by the court practices of the jurisdiction. However, it is essential to maintain accountability and transparency, as well as careful oversight. Miriam Rose Ivan L.
Niamh Leinwather , discussed the media’s influence on arbitration. The discussion of the panel was focused on the media’s influence on arbitration. He emphasized that transparency is beneficial and can help combat fake news, thereby legitimizing the arbitration process. The first panel, moderated by Ms. Similarly, Ms.
Unless and until Mongolia embraces a stable business environment that transparently creates and predictably implements laws and regulations, investors will likely find Mongolia too risky and opt for more competitive countries. This article provides an overview of Mongolia’s international investment climate and explores recent developments.
While disclosure is optional at the notice of arbitration stage, it adds transparency to arbitration proceedings, in line with practices from other institutions like the ICC and SIAC , QICCA does not require reporting of changes to TPF arrangements, which may lead to uncertainty about enforcement.
However, there remain valid concerns about transparency and the potential loss of nuanced human judgment when utilizing such tools. On the regulatory front, frameworks such as the European Union AI Act are expected to influence the adoption of AI in arbitration. Key concerns were raised here , here , and here.
In case of sole arbitrators, the appointing partys influence raises legitimate concerns of bias. Ultimately state-owned entities must recognise the public interest in fostering a fair and transparent process in all procedural aspects of arbitration.
Significant Advancements in Dispute Resolution Frameworks Southeast Asian countries launched modernised arbitration laws and innovative court projects, reflecting the region’s efforts to enhance arbitration accessibility, transparency, and efficiency.
However, even though some of these cases discuss the rationale behind the notification requirement to ensure transparency and collegial decision-making, they only address the question of whether a notification and/or explanation is necessary at all.
The outcomes of 2024s deliberations are poised to influence ISDS reform efforts in 2025 and beyond. 126-27), it will be crucial for stakeholders to maintain inclusive and transparent dialogue to build a more balanced and effective ISDS system. As ISDS reform continues in 2025 ( see also A/CN.9/1194 9/1194 , paras. 9/1194, para.
This transparency helps to mitigate concerns and uphold the high standards expected in international arbitration. Substantial Injustice Aiteo argued that a finding of a lack of impartiality would constitute, in itself, substantial injustice.
The shared linguistic and legal culture within the legal community surrounding the EcuadorTLC II case influenced the selection of sources and references that might not have been as prominent in other international arbitration cases. The blogpost was written during a Research Foundation – Flanders fellowship (FWO.3E0.2022.0079.01)
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