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NEWS
The International Arbitration Centre Alliance (IACA) has launched the IACA Global Passport, enabling dispute resolution practitioners to access facilities on a reciprocal basis across seven partner hearing centres worldwide. The Global Passport provides access to shared lounges, concierge services, member discounts, networking opportunities and other facilities at partner hearing centres. The initiative is intended to facilitate cooperation among participating centres and improve access to services for members.
GLOSSARY
Isle of Anglesey County Council: In March 2006, IACC voted to support the construction of Wylfa Newydd, a new build nuclear plant to replace the existing Wylfa A plant owned by NDA and operated by Magnox. IACC also supports the development of EIP.
NEWS
The International Anti-Corruption Coordination Centre (IACCC) has published a case study detailing its role in facilitating international cooperation in Kenya's investigation of corruption at Migori County Government. The case involved the embezzlement of KES 2bn ($US 15.5m) between 2013 and 2017 through irregular procurement contracts by former County Governor Okoth Obado and associates. Through the IACCC, Kenya's Ethics and Anti-Corruption Commission obtained intelligence on suspect assets, travel records and purchases across multiple jurisdictions including Australia and the UK. This intelligence enabled the preparation of targeted mutual legal assistance requests to Australia, England, Wales and Scotland, which provided formal evidence from banks, universities and property companies. The coordinated international cooperation resulted in an out-of-court settlement worth KES 235.6m ($US 1.8m) in recovered assets, including eight properties and two vehicles purchased abroad. The case study demonstrates the IACCC's capacity to streamline cross-border corruption investigations through consolidated intelligence gathering, reducing the need for multiple separate requests to different jurisdictions and enabling more precise mutual legal assistance applications.
NEWS
The Inter-American Court of Human Rights (IACtHR) has issued an advisory opinion calling for states to review their investor-state dispute settlement (ISDS) mechanisms to ensure alignment with climate obligations. The opinion identifies that older investment treaties focused solely on investment protection may impede climate action and recommends reforms to prevent regulatory chill. The court determined that companies have direct obligations regarding climate change impacts and states must implement mandatory environmental impact assessments for projects with significant environmental risks. The opinion precedes an anticipated International Court of Justice ruling on climate obligations due 23 July 2025.
GLOSSARY
International Atomic Energy Agency: The Vienna-based IAEA (part of the United Nations) is the global focal point for nuclear co-operation and promotes the peaceful use of atomic energy. It gives guidance on nuclear safety and verifies that members comply with their safeguard obligations and use nuclear material only for peaceful purposes.
PRACTICE NOTES
CASE HUB ARCHIVED—this archived case hub reflects the position at the date the parties abandoned the transaction on 2 August 2024; it is no longer maintained. See further, timeline. Case facts Outline European Commission merger investigation into the proposed acquisition of Air Europa Holdings, S.L. by International Consolidated Airlines Group, S.A. (M.11109). The transaction involves horizontal overlaps in the provision of passenger air transport services. Latest developments On 2 August 2024, the Commission announced that it took note of the parties’ decision to abandon the transaction. The abandonment follows the findings of the Commission’s phase II investigation and the failure of parties to submit suitable remedies. Parties • International Consolidated Airlines Group, S.A. (IAG)IAG is headquartered in Spain. It is a multinational airline holding company listed on the London Stock Exchange, with secondary listings on Spanish Stock Exchanges. It controls the Spanish carrier Iberia Líneas Aéreas de España, S.A. Operadora and the Spanish low-cost carrier
NEWS
The IAIS Executive Committee has given the green light to the definitive version of the global Insurance Capital Standard (ICS), which will serve as a mandatory capital requirement for insurance groups operating internationally (IAIGs). The IAIS Executive Committee has also concluded the comparability analysis of the United States (US) engineered Aggregation Method (AM), concluding that a US AM offers a basis for adopting the ICS to produce equivalent outcomes while simultaneously identifying certain aspects where efforts during the formulation of the final AM in the US will contribute towards establishing conformity.
NEWS
The International Association of Insurance Supervisors (IAIS) has adopted the Insurance Capital Standard (ICS), a detailed global capital framework for internationally active insurance groups (IAIGs).   It will serve as a group-wide prescribed capital requirement, which is a solvency control level below which supervisors will intervene on group capital adequacy grounds. The IAIS has also finalised a targeted update of its Insurance Core Principles  (ICPs) and certain related standards in its Common Framework for the supervision of internationally active insurance groups (ComFrame).
NEWS
The International Association of Insurance Supervisors (IAIS) and the Bank for International Settlements' Financial Stability Institute (FSI) have jointly published a note entitled ‘Uncertain waters: can parametric insurance help bridge NatCat protection gaps?’. The note examines how key design elements such as index selection, trigger mechanisms and payout structures can enhance the adoption of parametric insurance against natural catastrophe.
NEWS
The International Association of Insurance Supervisors (IAIS) has published a draft Application Paper on operational resilience objectives and toolkit. The paper aims to support supervisors and insurers in assessing and addressing operational resilience in line with the Insurance Core Principles (ICPs), in response to increasing complexity, interconnectivity, and reliance on technology and third-party service providers across the insurance sector. Responses are sought by 29 September 2025 and a public background webinar will be held on 17 July 2025 to present the draft paper and address questions.
NEWS
The International Association of Insurance Supervisors (IAIS) has launched consultation on a draft Issues Paper addressing structural shifts in the life insurance sector. The objective of this Issues Paper is to provide a comprehensive analysis of these structural shifts. It explores the emerging trends of alternative assets and asset-intensive reinsurance (AIR) in greater detail, provides a framework for understanding their macroprudential and financial stability implications, and identifies potential areas for enhancement in the IAIS supervisory material. Responses are sought by 19 May 2025, with a public background session webinar set to be held on 3 April 2025.
NEWS
The International Association of Insurance Supervisors (IAIS) has issued a public consultation on a draft application paper on the supervision of artificial intelligence (AI) in the insurance sector. Responses are due by 17 February 2025.