This book offers an exciting overview of how the investor-state dispute settlement mechanism currently deals with allegations and/or evidence of fraud and corruption. It provides a detailed analysis of the legal framework under which arbitral tribunals usually operate in investment disputes involving allegations of illegality. Readers will find step-by-step examinations of the corruption and fraud arguments employed by arbitral tribunals in ten landmark ISDS cases, followed by a chapter summarizing the status quo on the topic. The final part of the book discusses the identified challenges of addressing illegality issues in investment arbitration and potential solutions, including the creation of a multilateral investment court.

Autorentext
Dr. Adilbek Tussupov is a qualified lawyer from Kazakhstan with research interests in Public International Law, International Arbitration and International Trade. He is a certified mediator (CEDR, London) and an international investment arbitration practitioner. Adilbek obtained his bachelors in law degree from the KAZGUU University (Kazakhstan), his LL.M. degree from Europa-Institut of the Saarland University (Germany) and a doctorate degree (summa cum laude) from the Saarland University (Germany). Adilbek worked as an in-house legal counsel in private and state owned enterprises, as well as a lecturer in universities in Central Asia. Currently, he is a foreign lawyer with the International Arbitration group of Herbert Smith Freehills LLP in Frankfurt am Main, Germany.

Inhalt
Part I. Legal Framework.- Fraud and Corruption.- Legality Requirement as a Safeguard to Abuse.- Applicable Law for the Examination of Illicit Misconduct.- Evidence and Proof.- Part II. Current Arbitral Practice in the context of Corruption and Fraud.- Arbitral Tribunals upholding Corruption and Fraud Arguments.- Arbitral Tribunals Not Upholding Corruption and Fraud Arguments.- Learned Lessons. Part III. Challenges & Solutions.- Difficulty of Proving Corruption and Fraud.- Consequences of Corruption for States.- Multilateral Investment Court?.