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Corruption in International Investment Arbitration by Llamzon, Aloysius P (1st September 2014)

Part I Transnational Corruption and International Efforts at its Control, 4 International Efforts to Combat Corruption in Foreign Investment

From: Corruption in International Investment Arbitration

Aloysius P Llamzon

Subject(s):
Corruption — Vienna Convention on the Law of Treaties — BITs (Bilateral Investment Treaties)

This chapter discusses how various actors in the world community have sought to combat transnational corruption. The most important of these actors are, of course, States, and the discussion begins with the efforts of the US through the Foreign Corrupt Practices Act. It then turns to the OECD Anti-Bribery Convention and the various regional instruments inspired by that treaty, culminating in the UN Convention Against Corruption. It considers efforts by multinational companies to institute norms and codes of conduct to guide their foreign investment relationships; and the response of international institutions, particularly the World Bank and international civil society. The chapter ends with an appraisal of the strengths and vagaries of the current regime of international anti-corruption law.

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