Corruption and Investment Arbitration in the Lao People’s Democratic Republic: Corruptio Incognito

Author:

Weeramantry Romesh,Sharma Uma

Abstract

AbstractIn recent years, corruption has become prevalent in investment arbitration. This chapter closely examines the issue of corruption in the Lao People’s Democratic Republic through the lens of two key investment-treaty arbitration decisions: Lao Holdings N.V. v. Lao People’s Democratic Republic and Sanum Investments Limited v. Lao People’s Democratic Republic. The decisions place a spotlight on how tribunals address allegations of fraud and corruption, and also the larger systemic issues which plague the Republic. The chapter thoroughly analyses the two decisions and discusses their implications on the conduct of arbitral proceedings. It is envisaged that these observations will provide a guide for practitioners navigating allegations of corruption in investment-treaty arbitration proceedings while contextualising the socio-political environment within which such grafting is perpetuated.

Publisher

Springer Nature Singapore

Reference20 articles.

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