The risk of abuse of arbitration proceedings in jurisdictions where corruption is pervasive: Strategies for mitigation and reform

This article focuses on the issue of arbitration misuse in jurisdictions that are susceptible to corruption and presents solutions to mitigate this problem. This underscores the vulnerability of arbitration, a highly regarded mechanism for settling commercial and international conflicts, to corruption, which undermines its integrity and impartiality. The paper examines many types of abuse, such as conflicts of interest and transparency concerns, and their effects on legal and economic institutions. The text proposes measures to reduce the impact, such as implementing legal reforms, making policy adjustments, and increasing transparency, highlighting the importance of international organisations. The study also examines the impact of technology breakthroughs, such as blockchain and artificial intelligence (AI), on enhancing arbitration proceedings. Successful changes and the need for ongoing improvement and international collaboration are demonstrated by case studies conducted in Singapore, Sweden, and Hong Kong. The article predicts a future trend towards international arbitration and the establishment of regional arbitration centres in less corrupt regions. It concludes by urging global collaboration to enhance the credibility and dependability of arbitration, thus fostering a more equitable global legal environment.