XXXVI, No 11, 11/06/2018

Universal offset law prepared for World Bank and Unicitral

The World Bank is considering a draft law governing compensatory measures in international government procurements. The law is intended to add fairness, transparency, and accountability to the process of executing offset deals. The law, prepared for the ‘Global Forum on Law, Justice and Development,’ will apply to all offset contracts, direct, indirect, and semi-direct, added to international public procurements for commercial and defence products. The 46-page draft…

 

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