Transnational Litigation, Arbitration, and Dispute Resolution
On May 22, 2014, the World Trade Organization's (WTO) Appellate Body (AB) issued its report in the EC – Seal Products dispute. 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 (EU Seal Regime).
Introduction and Background
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.