Analysis of Civil Law Consequences of Corruption Under the Czech Law... in the Light of International Commercial Arbitration

Abstract

This paper analyzes the civil law consequences of corruption of the contractual parties assessed in international commercial arbitration under the Czech law applicable to the merits of the dispute. The act of corruption is under most jurisdictions considered as a criminal offence. However, it can have a great legal impact on the contracts tainted by corruption, especially with the regard to its validity. There are two categorize of such contracts, one providing for corruption, and one procured by corruption. As stipulated in this paper, such activities are common in international trade nowadays. Therefore, it is important to clarify whether a particular national legislation draws adequate private law consequences to deter and punish potential perpetrators of corruption.