Tips For Int'l Energy Contract Arbitration Agreements

Law360, New York (June 14, 2012, 1:08 PM EDT) -- If the premise that international energy contracts should include enforceable, effective arbitration agreements is not yet axiomatic, it is at least widely accepted.

More importantly, it is true. If arbitration did not already exist as an alternative to local court systems, it would have had to be invented for international energy projects to thrive.

Arbitration provisions address a plethora of issues arising from the very nature of energy projects, which involve very substantial, long-term investments in foreign jurisdictions, often with developing legal systems. Local counterparties frequently...
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