Parallel Proceeding Problems: The Case For Party Autonomy

Law360, New York (July 5, 2016, 3:06 PM EDT) -- Daniel E. Gonzalez

Gabriella Morello In 2015, 43 percent of International Centre for Settlement of Investment Disputes (ICSID) cases related to matters in the oil, gas, mining and energy sector. [1] Surely, the underlying investments made to bring about these ICSID cases centered on the development of a particular project or development. Generally, these projects each have their own set of multiple relevant contracts: engineering procurement construction, design, investment, shareholder, management, financing, concession, operation and maintenance, and supply agreements to name a few. If the project is terminated or one of the parties fails to deliver its end of one of...

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