Corruption in International Investment Arbitration
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By: Aloysius P. Llamzon
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 foreffective 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 combatcorruption 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 trendsemerging 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 ofthese 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.
AI Overview
The book "Corruption in International Investment Arbitration" by Aloysius P. Llamzon is a comprehensive study on the issue of corruption in the context of international investment arbitration. Here is a detailed overview of the book:
Key Themes
- Corruption in International Investment Arbitration: The book focuses on the prevalence and impact of corruption in international investment arbitration, which is a critical aspect of international trade and investment law.
- Limited Effectiveness of Efforts to Combat Corruption: It examines the various measures and mechanisms put in place to combat corruption, highlighting their limitations and inefficiencies.
- Legal Frameworks and Institutional Challenges: The study delves into the legal frameworks and institutional challenges that hinder effective anti-corruption efforts in international investment arbitration.
- Case Studies and Examples: The book includes case studies and examples to illustrate the complexities and nuances of corruption in international investment arbitration.
Plot Summary
The book provides a thorough analysis of the corruption that can occur in the process of international investment arbitration. It begins by defining corruption and its various forms within the context of international investment arbitration. The author then explores the mechanisms and institutions designed to prevent and address corruption, such as the World Bank's Integrity Vice Presidency and the International Bar Association's Anti-Corruption Committee.
The book also discusses the challenges faced by these mechanisms, including lack of enforcement, inadequate resources, and the complexity of cross-border investigations. It highlights the need for more robust legal frameworks and better institutional coordination to combat corruption effectively.
Critical Reception
While specific reviews are not provided in the sources, the book's comprehensive nature and its focus on a critical issue in international law suggest that it would be well-received by scholars and practitioners in the field. The book's inclusion in academic databases like Oxford Academic and its publication by Oxford University Press, a reputable academic publisher, further indicate its credibility and potential impact.
Additional Information
- Publication Details: The book was published in 2014 by Oxford University Press. It has 368 pages and is priced at £125 (ISBN 978-0-19-871426-2) .
- Author Background: Aloysius P. Llamzon is an expert in international law, particularly in the areas of investment arbitration and anti-corruption measures.
In summary, "Corruption in International Investment Arbitration" by Aloysius P. Llamzon is a seminal work that provides a detailed examination of corruption in international investment arbitration, highlighting the challenges and limitations of current anti-corruption efforts. Its comprehensive approach and academic rigor make it a valuable resource for scholars and practitioners in the field of international law.