Status:
Maintained
The effect of allegations of bribery, corruption and money laundering made in, or touching upon, international arbitration proceedings, is a developing area of law. Principles and rules of general application are evolving but are by no means settled. Like many aspects of international arbitration practice, much depends on the law of the seat of arbitration and the applicable law governing the contract. (See
Practice note, How significant is the seat in international arbitration? and
Practice note, Which laws apply in international arbitration?.)
These issues of illegality are recognised as being of profound importance and must be taken seriously by all involved in the international arbitral process, including parties, counsel and arbitrators.
This note is intended as both a practical and conceptual guide to considering and resolving the key questions that tend to arise. It does not attempt to summarise all of the many international conventions, tribunal decisions, arbitral rules and guidelines relevant to these issues.
Freshfields Bruckhaus Deringer LLP
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