Corruption as a ‘Sword’ in Investor State Arbitrations
That investor state tribunals may deal with allegations of corruption in ISDS disputes is well acknowledged. The seminal World Duty Free1) World Duty Free Company Limited and The Republic of Kenya, ICSID Case No. ARB/00/7 (Award dated 4 October 2006). decision involved the payment (in a briefcase) of USD$2 million dollars cash to (the then)…