Practical Considerations Associated with Drafting Arbitration Provisions in Host Government Contracts
Article from: OGEL 1 (2006), in Production Sharing Contracts
Introduction
There is more worldwide commerce, and foreign investment, occurring today than ever before in history. There is undeniable evidence that the world is proceeding toward a more globalized economy. As part of this commercial globalization process there have also been changes in dispute resolution where foreign investment is involved. There has been a move from the national court system to international arbitration. This change has given the foreign investor a greater degree of assurance that dispute resolution in connection with its foreign investment will be ...