"Between Confidentiality and Transparency: Arbitration and Arms Transfers"

"Between Confidentiality and Transparency: Arbitration and Arms Transfers"
Wilder Alejandro Sanchez and Lucia Scripcari

International Policy Digest
World News
4 February 2020
Originally published: https://intpolicydigest.org/2020/02/04/between-confidentiality-and-transparency-arbitration-and-arms-transfers/  



The sales of military equipment is a global industry known for its high degree of secrecy. After all, armed forces do not want potential adversaries to know what kind of equipment they are buying, the technical aspects of said systems, how many systems/platforms are being acquired and other details about military equipment that could jeopardize national security. Similarly, arbitration is meant to be confidential, that is what makes this legal process more attractive to clients than going to courts of law, which will make rulings public.

A 2018 WikiLeaks dump of thousands of sensitive documents, including many from the International Chamber of Commerce (ICC), provided a glimpse of the amount of money that is involved in many defense agreements, and other sensitive information that is meant to be known only by the parties involved and the arbitrators of the case.

Continue Reading...