First for the “Lean” – the Singapore International Arbitration Centre (SIAC) Rules 2010 came into effect on 1 July 2010.
This third edition replaces the SIAC Rules 2007 and is part of SIAC’s efforts to stay lean and effective as it keeps apace with the rapid growth of international arbitration.
Key updates include an expedited arbitration procedure [...] read more »
Archive for the 'Regulatory' Category
Lean Green Venture
Gambling with Sand(s)
Offer my wife a diamond and you’ll see her eyes sparkle and a warm smile light up her face. I certainly wouldn’t take a gamble on offering her sand instead with a patient explanation that diamonds are actually compressed sand.
The worth of “sands” in Singapore has taken on added dimensions in recent years given the [...] read more »
Rule Changes for Expert Witnesses Ease Discovery Obligations
With reason, non-Americans tend to be wide-eyed at the extent to which U.S courts require affirmative disclosure of potentially relevant documents and facts – and at the cost these discovery procedures routinely entail. One change just announced, however, represents a bit of retrenchment that will make handling construction disputes in U.S. Federal courts a [...] read more »
FCPA Violations Now Drawing Extended Stays in Federal Pen
On Monday, April 19, 2010, a federal judge in the Eastern District of Virginia handed down “the longest-ever prison sentence” for a Foreign Corrupt Practices Act (FCPA) violation. Charles Jumet was sentenced to 87 months in prison for conspiring to violate the FCPA and for making false statements to federal agents. Jumet, a vice president [...] read more »
Major Swiss Contractor To Be Taken Over by Indian Hindustan Construction Company
Swiss construction companies have recently become the targets of take-overs by foreign contractors or investors. The first such acquisition was that of Losinger Group by the French construction giant Bouygues. The long-lasting battle between the UK investment fund Laxey and the largest Swiss construction group, Implenia, however ended differently, when Laxey sold its shareholdings after having failed to take over the Swiss group. read more »
THE WAGE PROTECTION SYSTEM IN THE UAE
News headlines in the UAE have recently proclaimed that “companies defaulting on salaries will soon be a thing of the past” (Gulf News), as the UAE government has launched its Wage Protection System (the “WPS”). Certainly the WPS is a significant step to protect the rights of workers in the UAE, and given the size and importance of the construction sector in the UAE, the WPS will also have a big impact on how employers in the UAE construction industry operate and pay employees. We look at the WPS, how it will operate and the impact the WPS will have on employers and employees across the UAE.read more »
New Tort Law Firms up Liability for Tofu Buildings
On 26 December 2009, the PRC Tort Liability Law (the “Tort Law”) was promulgated following a seven-year period of discussions and debate. The law will enter into effect on 1 July 2010.
The Tort Law marks a milestone in PRC legislative history, and will have myriad implications for diverse areas of private and commercial activity. read more »
Christmas cheer for frustrated tenderers in public procurement contracts
The capacity of an unsuccessful tenderer to challenge a contract award which breaches public procurement rules will be strengthened on 20th December with the coming into force of new Regulations implementing an EU Directive on Remedies. The new Regulations introduce a declaration of “Ineffectiveness” as a remedy for certain breaches of procurement rules and provide [...] read more »
The End of Licensing of Construction Related Activities in Russia?
Important changes in licensing regulations for engineering surveys, design and construction works were introduced by Federal Law No 148-FZ dated July 22, 2008 on “Amendments to the Russian Town-Planning Code and some legislative acts of the Russian Federation”.
read more »
The Coming Out Party
A couple of weeks ago in France my wife and I looked for a new barbecue. The French salesman encouraged us towards the expensive French made barbecue on the basis that the cheaper ones came from “abroad” (another European country), were made by a company he hadn’t heard of and were probably barbecues they couldn’t [...] read more »








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