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Results: 1-10 of 21

Disputes over rights to sub-sea resources implications for the oil and gas industry

  • Stephenson Harwood LLP
  • -
  • Global
  • -
  • November 12 2012

As technological developments and economic conditions continue to favour exploration and extraction of undersea oil and gas in ever deeper waters, disputes over the delineation of maritime boundaries and entitlements to the hydrocarbon resources are grabbing headlines again

Record award against Ecuador demonstrates willingness of tribunal to review state decisions on grounds of proportionality

  • Herbert Smith Freehills LLP
  • -
  • Ecuador, Global
  • -
  • October 15 2012

In an award notified to the parties on 5 October 2012 (the Award), the majority of a three-member arbitral tribunal established under the ICSID Convention has directed the Republic of Ecuador (Ecuador or the Respondent) to pay US companies Occidental Petroleum Corporation (Occidental) and Occidental Exploration and Production Company (OEPC)(collectively, the Claimants) damages in the sum of approximately USD1.77 billion (if interest is taken into account it has been reported that this sum would exceed USD2.3 billion

Alternative dispute resolution for energy and infrastructure projects what are the alternatives?

  • Reed Smith LLP
  • -
  • Global
  • -
  • October 4 2012

Energy and infrastructure construction projects take time, are technically complex, are of significant value, and involve a spectrum of participants with different interests

Venezuela’s exit from the ICSID Convention casts a shadow on foreign investment

  • King & Spalding LLP
  • -
  • Global, Venezuela
  • -
  • September 1 2012

On January 24, 2012, Venezuela notified the World Bank of its decision to denounce the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention or Washington Convention

Argentina's "expropriation" of Repsol oil subsidiary: the legal landscape

  • Herbert Smith Freehills LLP
  • -
  • Argentina, Global
  • -
  • April 19 2012

On 16 April 2012, Argentina's President, Cristina Fernandez de Kirchner, presented a draft Bill to Congress setting out the Government's intention to nationalise Repsol's stake in Argentinian oil major YPF

Venezuela withdraws from the World Bank's International Centre for Settlement of Investment Disputes

  • Milbank, Tweed, Hadley & McCloy LLP
  • -
  • Global, Venezuela
  • -
  • January 31 2012

The World Bank received, on January 24, 2012, “written notice of denunciation of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) from the República Bolivariana de Venezuela

Publications, research and databases available to help the advocate in international oil & gas disputes

  • King & Spalding LLP
  • -
  • Global
  • -
  • December 6 2011

This article provides a short overview of useful resources for lawyers acting as advocates in international oil and gas disputes

Challenging a host State's tax measures through international arbitration

  • King & Spalding LLP
  • -
  • Global
  • -
  • August 1 2011

The economics of an independent power project or of an oil and gas project can be severely impacted if a host State changes the tax regime applicable to the project after an investor has committed its capital

The World Trade Organization rules against China in raw materials dispute; ruling could serve as precedent for WTO challenge against China on rare earth materials

  • King & Spalding LLP
  • -
  • China, Global, USA
  • -
  • August 1 2011

On July 5, a World Trade Organization dispute settlement panel issued its public findings in response to complaints brought by the United States, the European Union, and Mexico against Chinese export restraints on certain raw materials

Breaking new ground: “interim measures” (interim relief) in international arbitrations involving energy investments

  • King & Spalding LLP
  • -
  • Global
  • -
  • June 1 2011

The sharp rise in international arbitrations filed by energy companies in recent years has yielded an increasing number of interim measures applications

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