Publication
Arbitration trends in the Middle East: What to expect in 2024 and beyond
The last several years have seen rapid growth in the Middle East.
Author:
Global | Publication | July 23, 2018
On May 18, 2018, Petróleos Mexicanos (“PEMEX”) approved and published in Mexico’s Federal Register (Diario Oficial de la Federación) the new “General Procurement Rules and Standards for Pemex and Subsidiaries” (Disposiciones Generales de Contratación para Petróleos Mexicanos y sus Empresas Productivas Subsidiarias) (“New Rules”).
The New Rules replace PEMEX’s previous procurement standards and procedures in their entirety, and are applicable to PEMEX and its subsidiaries. PEMEX’s affiliates, however, are excluded from the scope of application of the New Rules and will be subject to PEMEX’s board resolutions.
With the New Rules PEMEX takes a step forward into international practices of compliance and sets a new standard for contractual procedures in the Mexican oil and gas industry. It is expected that other Mexican government agencies will follow PEMEX's lead in compliance efforts.
Publication
The last several years have seen rapid growth in the Middle East.
Publication
As the world enters the age of artificial intelligence, the use of technology in the legal sector continues to create interpretative difficulties and misunderstandings, sometimes with serious consequences, over seemingly trivial matters.
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