February 6, 2014 - The cost of corruption is a heavy toll that is levied on the global economy, private companies and people around the world. On a macro level, recent data suggests that the cost of corruption equals more than 5% of global GDP ($2.6 trillion), and corruption increases the cost of doing business up to 10% globally, according to the World Economic Forum and the World Bank, respectively.
On November 25, 2013, a panel established under the dispute settlement system of the World Trade Organization (WTO) issued its report in the EC – Seal Products dispute.[1] The decision arose from complaints by Canada and Norway against a legislative scheme adopted by the European Union (EU) in 2009 to prohibit the importation and marketing of seal products (the EU Seal Regime).[2] On January 24, 2014, Canada and Norway filed to appeal the panel's decision; the
Please join the Society's International Courts and Tribunals Interest Group (ICTIG) in welcoming ASIL's 2009 Manley O. Hudson Medalist, the Honorable Charles N. Brower, to discuss his significant and wide-ranging practice at the bar with distinguished service, both nationally and internationally, during 30 years in the fields of public international law and international dispute resolution.
At its founding in 1899, the Permanent Court of Arbitration was an innovation and stood unique in the field of international dispute resolution. Today a crowded field of international institutions raises questions about the continued viability and particular role for the PCA.