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The Fédération Internationale des Ingénieurs-Conseils (FIDIC), in association with the International Tunnelling and Underground Space Association (ITA-AITES), launched the First Edition of the “Conditions of Contract for Underground Works” (Emerald Book) for tunnelling and underground works on 7 May 2019 at the World Tunnel Congress 2019 in Naples. The Second Edition of the “Conditions of Contract for Plant and Design-Build, 2007” (Yellow Book 2017) was used as the basis for drafting the Emerald Book’s General…

We are pleased to announce that the twelfth edition of The Baker McKenzie International Arbitration Yearbook is now available. This edition reviews important developments in arbitration in the past year across 45 jurisdictions, including changes to the settlement of investor-State disputes, the ongoing uncertainty around the future of intra-EU BITs following the European Court of Justice’s decision in Achmea, the continued push for procedural efficiency, and revised national laws relating to the funding of arbitration…

Asia Pacific Australia Final report of government inquiry into banking and financial services A Government inquiry is examining standards and misconduct in the banking and financial services industry, with a final report due by 1 February 2019. Financial institutions have already been served with legal proceedings (including class actions) arising from the inquiry, which is expected to continue. First year of Trans-Pacific Partnership Australia has ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, along…

Governments around the world are becoming increasingly aware of the competition that exists for international disputes work, between and amongst national courts and arbitral institutions. Whilst some courts, such as in England and the US, have long dealt in international cases, other jurisdictions are seeking to win a greater share. In 2006, Dubai opened specialist English-language courts in the DIFC, followed in 2009 by the Qatar International Court, in 2015 by the Singapore International Commercial…