International arbitration and corruption: an evolving standard
Article from: OGEL 3 (2003), in International Oil, Gas & Energy Dispute Management
Summary
International arbitration has been used to resolve disputes for a long time. As noted by one commentator: 'Commercial arbitration must have existed since the dawn of commerce.' Unfortunately, another side of business transactions - corruption - has been around a long time also. Inevitably, it has appeared in international commercial arbitration cases. This article reviews some of those cases and analyses the evolving trends on how international arbitrators have dealt with this difficult issue. Most countries in the world have laws dealing with corruption. However, until recently, ...