In this article, the author focuses on two key issues that can arise when arbitrating disputes involving allegations of corruption. First, the author addresses the differences in the standards and thresholds that may apply in the criminal and regulatory context and in a contractual dispute subject to arbitration. Second, the author addresses issues of legal privilege in terms of protecting internal anticorruption investigations and how this may become more complicated in cases involving subsequent arbitrations. Additionally, the author considers the challenges that may arise when allegations of bribery are made within the context of investor-state arbitrations.