Corruption in International Investment Arbitration

• The first comprehensive study of corruption in international investment arbitration
• Part II analyses all the available case law in international investment arbitration dealing with corruption, and identifies nine distinct trends emerging from the case law; this is coupled with a table summarizing the key areas of corruption decision-making and each relevant tribunal's approach
• Part III reflects on the implications of trends for both the 'supply' and 'demand' sides of corruption in international law, and proposes an integrative framework of decision for corruption issues in international investment arbitration
• Based on the authors award winning thesis which gained Yale Law School's Ambrose Gherini Prize, 2013 for best paper in the field of international law

This is the first comprehensive study of corruption in international investment arbitration. The book considers the limited effectiveness of efforts to combat transnational corruption in international law and the emergence of international investment arbitration as a singular means for effective control of corruption within the international legal order. The case law on corruption by investment tribunals is studied exhaustively, jurisprudential trends are identified, and reforms aimed at enhancing the effectiveness and fairness of investment arbitration as a mechanism to combat corruption are proposed. 

Divided into three parts, part I focus on the phenomenon of corruption in foreign investment and attempts at its control through international law. Part II analyses the available case law in international investment arbitration dealing with corruption. Llamzon identifies nine distinct trends emerging from the case law and provides a table summarizing the key areas of corruption decision-making and each relevant tribunal's approach, which is an invaluable tool for practitioners engaging in 'live' issues of corruption within arbitral proceedings. Part III reflects on the implications of these trends for both the 'supply' and 'demand' sides of corruption in international law, and proposes a integrative framework of decision for corruption issues in international investment arbitration.

Readership: Legal practitioners specialising in investment arbitration, public interest groups concerned with international investment law or anti-corruption, international bodies or organisations dealing with investment arbitration or anti-corruption, and government lawyers involved in representing their State in disputes. Academics, academic libraries and postgraduate students with an interest in international investment law, arbitration and public international law will also find the book of interest.