BCLP publishes 2024 international arbitration survey
Bryan Cave Leighton Paisner (BCLP) has published its 2024 International Arbitration Survey, focusing on the challenges posed by corruption in arbitration proceedings. The survey reveals that while 82% of respondents are confident in the arbitration process's ability to handle corruption issues, 64% express concern about potential abuse of the arbitral process in such cases. Notably, 67% of respondents favour introducing transparency rules for commercial arbitrations involving states or state-owned entities. The survey also indicates strong support for requiring 'clear and cogent' evidence for corruption allegations, and a majority advocate for additional best practice guidelines in arbitrations involving corruption allegations. These findings underscore the complex interplay between confidentiality, transparency, and procedural integrity in arbitrations dealing with corruption issues.