GovCon & Trade

JANUARY 9, 2024

First, the Treasury Department’s Office of Foreign Assets Control (OFAC) settled investigations into apparent sanctions violations by a New York-based insurance company and California-based virtual currency exchange. Petrobras), a Brazilian state-owned oil company, in violation of the Foreign Corrupt Practices Act (FCPA).

Insurance 147

Insurance Transportation Transportation Corruption 147

Kluwer Arbitration

MAY 2, 2024

District Court for the District of Columbia (the ‘Court’) pursuant to Section 207 of the Federal Arbitration Act (‘FAA’) seeking to confirm the award against GCPI and also impose liability on two additional parties, the Iraqi Ministry of Transport and the Republic of Iraq. Société Indagro v. Société Pabalk Ticaret Limited Sirketi v.

Transportation 52

Transportation Transportation Corruption IT 52

Kluwer Arbitration

JANUARY 12, 2024

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. The disputes span across different industries such as electric power, construction, and transportation.

Corruption 52

Corruption Telecommunication Tender Insurance 52

Kluwer Arbitration

MARCH 24, 2024

panel explained, investors’ options to pursue claims under investment treaties are becoming ever more limited and other options must therefore be considered where there is regulatory risk (such as contractual mechanisms and political risk insurance).

Supply Chain 52

Supply Chain Demand Price Insurance 52

Kluwer Arbitration

JANUARY 16, 2024

Alstom Transport et Société Alstom Network UK Ltd v. In this case, an insurance contract included a dispute resolution clause which referred disputes concerning the ‘determination of the amount of damages or compensation’ to ‘the decision of the Non-Life Insurance Arbitration Committee.’ Société Kraydon Ltd v. The S.D.N.Y.

Corruption 52

Corruption Insurance IT Contract 52

Kluwer Arbitration

OCTOBER 26, 2023

The assets of these two entities were in the hands of the International Air Transport Authority (“ IATA ”), against whom the Superior Court ordered writs of garnishment. The Court granted orders against two third parties: 1) the Airport Authority of India (“ AAI ”), another state-owned entity; and 2) Air India. III of the NYC. II and V(1)(a).

Insurance 52

Insurance Government Government IT 52