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Results: 1-10 of 19

Why IOCs are paying attention to soft law on human rights

  • Herbert Smith Freehills LLP
  • -
  • Global
  • -
  • June 6 2013

"There is one and only one social responsibility of business to use its resources and engage in activities designed to increase its profits so long

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

Managing corruption risks 5 lessons from recent developments

  • Herbert Smith Freehills LLP
  • -
  • Australia, Global
  • -
  • September 13 2012

Expansion and investment by energy companies into Asia, the Middle East and Africa involves both opportunity and risk, including corruption-related risks and potential enforcement activity

A reminder about the new Incoterms: ICC rules for use in international sales contracts

  • Herbert Smith Freehills LLP
  • -
  • Global
  • -
  • August 20 2012

The International Commercial Terms (commonly referred to as the "Incoterms") are a standardised set of trade terms published by the International Chamber of Commerce ("ICC") for use in international sales contracts

A rock or an island? The significance of Okinotorishima and its status under the international law of the sea

  • Herbert Smith Freehills LLP
  • -
  • China, Global, Japan, South Korea
  • -
  • July 5 2012

Okinotorishima is an atoll in the Philippine Sea

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

Revenue Watch Index: first ranking of government disclosure in oil, gas and mining management

  • Herbert Smith Freehills LLP
  • -
  • Global
  • -
  • November 23 2010

Transparency International and the Revenue Watch Institute have published the first Revenue Watch Index, which details government public disclosure in managing oil, gas and minerals

The relationship between EU law and international investment law

  • Herbert Smith Freehills LLP
  • -
  • Global
  • -
  • November 17 2010

In two recent investment treaty decisions - AES v Hungary and Eureko v Slovakia - the tribunals had to consider the relationship between EU law and international investment law and came to slightly different conclusions

UN steps up sanctions on Iran

  • Herbert Smith Freehills LLP
  • -
  • Global, Iran, United Kingdom
  • -
  • June 22 2010

On 9 June 2010, the UN Security Council voted in favour of fresh sanctions against Iran over its nuclear programme which will have practical implications for many corporate entities

Investment treaties - what can be learnt from 40 years of investment treaty case law in the energy sector?

  • Herbert Smith Freehills LLP
  • -
  • Global
  • -
  • June 9 2010

Access to international arbitration as a forum for dispute resolution is critical for energy investors with assets in foreign States

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