Introduction

The figures recently released by Transparency International (TPI) are a harsh reminder that corruption remains a problem around the world, even in countries where we would not expect it. Two thirds of the 176 countries ranked in the 2012 Corruption Perception Index score below 50, on a scale from 0 (perceived to be highly corrupt) to 100 (perceived to be very clean). Paradoxically, the public outcry condemning corruption has never been more pronounced. Arbitration awkwardly stands at the confluence of these two trends. Anecdotal evidence suggests that international commercial ...