Choice of Law in Oil & Gas Agreements: It Does Make a Difference?
Article from: OGEL 1 (2011), in International Contracts
Introduction
For business people negotiating oil and gas agreements, one of the issues to decide is choice of the law applicable to their relations. Oil and gas agreements are frequently international in nature. The parties often include a state, whose natural resources will be developed, and a developer of a different nationality. The developer usually has additional contracts, often with parties of other nationalities. The parties need to decide which law will govern their agreement(s), or a court or tribunal will do it for them (not the end of the world, but if there is a problem, people ...