A step in the right direction – Russia’s proposed regulation of bribery in arbitration

crp

Corruption has been a feature of human existence for thousands of years; it is considered <<an insidious plague>> (Kofi A. Annan), which has a destructive impact on both states and societies. Unfortunately, both international commercial arbitration and Russian domestic arbitration can be tainted by corruption.

On 2 June 2014, the Prosecutor General’s Office of the Russian Federation announced draft amendments to the Criminal Code of Russia, which are designed to combat bribery of domestic arbitrators. Mikhail Samoylov, Senior Associate at KIAP Attorneys at Law and Lexis®PSL Arbitration contributor, discusses this latest development.

Continue reading “A step in the right direction – Russia’s proposed regulation of bribery in arbitration”

A step in the right direction – Russia’s proposed regulation of bribery in arbitration