Certain States now adopt
legislation the effect of which is deliberately extraterritorial, i.e. this is
intended to cover situations which are principally located beyond their
national frontiers, in subject matters as diverse as economic sanctions,
anti-trust law, or indeed the fight against corruption or money laundering.
However, by reason of the rapid growth in such legislation, international
arbitration is now confronted with these extraterritorial norms. Moreover, the
sanctions which may result from failure to comply with these represent a new
risk in international arbitration, which we propose to present and assess.