Project Bank Accounts – the way forward?

Will the World Bank's new initiative become a benchmark for every project? 

How do governments ensure that fair payment practices in public sector construction contracts are promoted in a country’s construction industry? The UK and Australia now have in place legislation which shows that governments in common-law jurisdictions are increasingly recognising the importance of parties to construction contracts having access to electronic bank accounts

Failure by a party to pay its share of an advance on arbitration costs may amount to a breach of the arbitration agreement, but it will not necessarily be repudiatory. Where the applicable arbitral rules provide mechanisms to allow the arbitration to proceed, non‑payment alone is unlikely to render the arbitration agreement inoperative.