Corruption in International Arbitration
Authored by: Pavan K Rao Polkampally
For 4th Government Law College
International Law Summit, Mumbai
Authored by: Pavan K Rao Polkampally
For 4th Government Law College
International Law Summit, Mumbai | Corruption in International Arbitration | | |
| Corruption in International Arbitration | | |
Introduction
This paper is the result of the research work done by Pavan K Rao Polkampally studying 1st Yr. of BA.LLB. at Damodaram Sanjivayya National Law University, Vizag for the 4th Government Law College International Law Summit.
Corruption in International Arbitration presents an in-brief access to the present Arbitration proceedings related to corruption. It shows us how corruption is dealt in the International Arbitration Arena, the International Laws, if any to deal with it and also its nature.
Arbitration, as known has been one of the best forms of ADR ( Alternate Dispute Resolution ). It is basically a tribunal, not necessarily a group of people who gives the award upon the complete hearing of the case which does not take a prolonged period unlike the normal cases in courts. As said by a eminent legal personality “Commercial arbitration must have existed since the dawn of commerce.”
Corruption on the other hand is a very rapidly growing menace which has to be tackled mainly in the International Arena. Arbitration relating to corruption comes into action when there are cases of Corruption trans-nationally and which needs speedy disbursal of reward, which involves very big amounts at stake. There have been many a laws and a few treaties to stop the crime of corruption which mainly draws its shape into bribing of foreign federal officials. And in the very recent years only, there has been a growing importance for the need of International Laws that can restrain corruption from growing. There has been attention drawn in from as many as 60 nations regarding the
For 4th Government Law College
International Law Summit, Mumbai
Authored by: Pavan K Rao Polkampally
For 4th Government Law College
International Law Summit, Mumbai | Corruption in International Arbitration | | |
| Corruption in International Arbitration | | |
Introduction
This paper is the result of the research work done by Pavan K Rao Polkampally studying 1st Yr. of BA.LLB. at Damodaram Sanjivayya National Law University, Vizag for the 4th Government Law College International Law Summit.
Corruption in International Arbitration presents an in-brief access to the present Arbitration proceedings related to corruption. It shows us how corruption is dealt in the International Arbitration Arena, the International Laws, if any to deal with it and also its nature.
Arbitration, as known has been one of the best forms of ADR ( Alternate Dispute Resolution ). It is basically a tribunal, not necessarily a group of people who gives the award upon the complete hearing of the case which does not take a prolonged period unlike the normal cases in courts. As said by a eminent legal personality “Commercial arbitration must have existed since the dawn of commerce.”
Corruption on the other hand is a very rapidly growing menace which has to be tackled mainly in the International Arena. Arbitration relating to corruption comes into action when there are cases of Corruption trans-nationally and which needs speedy disbursal of reward, which involves very big amounts at stake. There have been many a laws and a few treaties to stop the crime of corruption which mainly draws its shape into bribing of foreign federal officials. And in the very recent years only, there has been a growing importance for the need of International Laws that can restrain corruption from growing. There has been attention drawn in from as many as 60 nations regarding the