Raytheon on the Hot Seat: What a $950 Million FCPA Case Teaches MNEs About Arbitration and Compliance

By Alexandra Schieferer On October 16, 2024, defense giant Raytheon Company agreed to pay over $950 million to settle allegations of Foreign Corrupt Practices Act (FCPA) violations, defective pricing, and export control breaches, marking one of the largest joint settlements in recent years. This enforcement action illustrates how corruption investigations can spiral into cascading contractual…

Should Naming the Arbitral Seat not be Enough?

By Jeremy Hernandez-Lum Tong In 2020 and 2021, the Supreme Court of the United Kingdom (“UKSC”) made two seminal decisions on the law governing arbitration agreements, namely Enka Insaat Ve Sanayi AS v OOO Insurance Company Chubb and Kabab-Ji SAL v Kout Food Group. The latter, Kabab-Ji UKSC, recapitulated the reasoning in Enka, but differed…

Artificial Intelligence in Arbitration: Sh-AI-ping the Future

By Philip Winkle Introduction If you grew up watching science fiction, you probably expected the robot takeover to resemble The Terminator, I, Robot, or The Matrix. But, instead of battling automatons or desperately hacking the algorithm trying to override humanity’s destiny, this Brave New World is really just you—someone working in or studying international arbitration—staring…