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In this video Richard Power, Head of Energy Disputes and Co-Head of International Arbitration looks at the impact the drop in oil prices has had on investment in the oil industry, particularly the fate of projects which were predicated on an oil price of $75-$100 per barrel.

Richard discusses what effect this will have from a legal standpoint, highlighting the consequences for owner-operators in terminating contracts, even if they are commercially unviable.

Find out Richard’s thoughts in this video as he navigates the legal minefields.