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The DOJ entered into Deferred Prosecution Agreements (DPAs) with two British reinsurance companies for bribing Ecuadorian officials in violation of the Foreign Corrupt Practices Act (FCPA). sanctions programs.
Two noteworthy Foreign Corrupt Practices Act (FCPA) settlements were announced in September. chemical manufacturer Albemarle paid over $200 million to settle FCPA allegations with the DOJ and Securities and Exchange Commission (SEC). First, U.S.
Manufacturers of platforms and ammunition must deal with a list of regulatory and legal challenges. Interview Transcript: Tom Temin And we think of the defense industrial base has strained in terms of capacity to manufacture what’s needed around the world and, you know, missile systems and ammunition and so forth.
In that article Klein presents a critique on the idea of adding absolutely disconnected objectives to the Inflation Reduction Act (IRA) main intervention planks on green energy and semiconductor manufacturing, calling it 'bundling'. I would add that corruption is not far behind. When is a factory not a factory?
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.
Blowing the Whistle on Tesla The data provided by Krupski detailed thousands of accident reports, trouble manufacturing the Cybertruck pickup, and internal communications that exposed flaws with the company’s Autopilot driver-assistance software.
Industry: Manufacturing. In manufacturing, materials, components and assemblies that will be sold to customers are direct spend while facilities, equipment, consumable supplies and MRO are indirect. Direct spend suppliers, on the other hand, must deliver a different level of ROI.
Importers should be aware that they are at risk if there is a finding of circumvention because it could result in liability for SIMA duties retroactive to the date of initiation of the anti-corruption investigation.
The discussion then shifted to significant changes in the semiconductor industry, spurred by the 2022 CHIPS and Science Act that allocated $57 billion in grants to incentivize the domestic manufacturing of semiconductor chips, which historically had been concentrated in China. for the development of new semiconductor manufacturing facilities.
CAI manufactured shoes in Asia. CAI , the exclusive distribution agreement between the parties granted GBO exclusive distribution rights for the products manufactured by CAI. Against this backdrop, some important lessons can be drawn for practitioners. Turning back to GBO v.
The Supreme Court did, however, address potential concerns about parties using interlocutory appeals to manufacture unjustified delays. The Court cautioned that the absence of a stay might exert undue pressure on parties to settle, particularly in cases involving class actions. Young CalArb is sponsored by California Arbitration.
More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190 Toyota Motor Corp. ,
Qidong Adi Tools Manufacturing Co. In both arbitrations, Lima responded by arguing among other things that the Concession Contract and its modifications were void due to corruption. To get your free subscription to the ITA Arbitration Report, click here. The ITA Board of Reporters have reported on the following court decisions.
As such, it seems unlikely that China will be able dominate manufacturing of CCUS hardware as it has in the solar industry. Regardless, it appears that the leaders in engineering, procurement and construction solutions for CCUS projects are currently based in Western countries , not China.
Providers, importers and manufacturers of AI systems bear the most stringent obligations under the Act (Articles 16, 25). Nor is the answer clear to the critical question whether one can conclude from Article 6(3) that international arbitration will fall under the high-risk activities category only if natural persons are concerned.
First, even though there are now hundreds of companies operating globally in the space industry, there remain, for example, no more than a handful of launch providers and satellite manufacturers (if that) in each jurisdiction.
Background The appellant (“Carmichael”, the shipper) and the first respondent (“BBC”, the carrier) had arranged for steel rails, manufactured by the second respondent for Carmichael, to be shipped by sea from the Port of Whyalla in South Australia to the Port of Mackay in Queensland.
In the case of Santamarta v Venezuela , the dispute involved a dual national of Venezuela and Spain, who filed a claim against Venezuela for allegedly obstructing Santamarta’s pharmaceutical business, including an unlawful confiscation of a manufacturing plant.
Deepfakes Deepfakes are hyper-realistic simulations of video, audio, or image content, manufactured using machine learning algorithms capable of creating authentic-looking material.
He detailed the strategic adjustments Chinese companies have made in response to heightened tariffs and geopolitical tensions, including diversifying their investments and manufacturing operations to countries like Mexico and Vietnam, as well as to lower-cost regions within China.
Cases in sectors of the South Korean economy which typically employ arbitration – such as construction and manufacturing – increasingly have an IP-related dimension, whether that be in the form of patent infringement, trade secret theft or copyright violation.
The Centre has administered disputes relating to diverse sectors including construction, maritime, oil and gas, manufacturing, technology, and financial services. The disputes that come to LACIAC are not focused on any specific sector. This interview is part of Kluwer Arbitration Blog’s “Interviews with Our Editors” series.
In addition, the supplier of components or systems made of aerospace-grade metals—those that require provenance-tracking to comply with flight safety regulations—must inform DoD if any of the materials were known to be manufactured or processed in China, Iran, North Korea, or Russia. Section 834 amends 10 U.S.C.
The legislation would require NASA to secure a cybersecurity protection plan from manufacturers applying to use federal dollars to build NASA spacecrafts. So what can and needs to be done to make sure cyber protections are considered during the manufacturing stage? A lot of software running in space is in low level languages.
Barnett had internally raised claims concerning quality and safety in Boeing’s manufacturing process. Corruption takes lives and whistleblowers like Mr. Barnett protect the public from the abuse of our trust and keep corporations accountable. Whistleblowers like Mr. Barnett deserve to live and to be celebrated.”
A sole source situation exists when specific criteria are met, emphasizing the need for thorough verification of the exclusivity of the source, especially in cases involving ‘sole brand’ or ‘sole manufacturer’ items that may have multiple distributors. This indicates the presence of competitive market alternatives.
Today, he noted, the sector is driven by sustainability and is the second largest industry worldwide after manufacturing. Highlighting the industry’s magnitude, Markbaoui pointed out that it employs over 160 million people globally and contributes more than $12.5 trillion annually (roughly 13% of global GDP).
In Africa, Professor Ufot reported substantial investment driven by China’s Belt and Road Initiative, particularly in infrastructure, energy and natural resources, manufacturing, textiles, mining, cement, and technology. This article is part of our “live” coverage of Hong Kong Arbitration Week. More coverage from the week is available here.
The Court of Milans Decision to Deny the Arbitrators Power to Grant Interim Relief Case Background The case involved a distribution agreement entered into by X and Y on 20 September 2020, which granted X the exclusive right to distribute electric vehicles manufactured by Y in a designated area.
This aligns with the GCCs diversification efforts into sectors like tourism, real estate, and manufacturing. More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata 190
In the US District Court for the Eastern District of New York, a consumer brought a putative class action under the laws of all fifty US states against the manufacturer, Belkin, for misrepresenting the speed of a wireless router allegedly violating, among others, state consumer protection laws.
As manufacturers become more directly involved in the sourcing of critical minerals, they are demanding stricter compliance with ESG standards from their suppliers, for example when mapping and auditing supply chains or publicly disclosing how responsible mining initiatives are implemented.
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