Dispute Resolution in the Oil and Gas Industry

The international commercial arbitration gained prominence in the post World War II era and particularly with the coming into force of the New York Convention on 7 June 1959. The inclusion in the investment agreements and into the national legal framework in general of an effective means of dispute resolution mechanism is considered as a necessary condition for countries to attract foreign direct investments. Today, even the countries which were strongly opposed to opening up their economies to global competition including China have embraced international commercial arbitration as an effective means of resolving commercial disputes between parties. In this book, the author discusses the features which make international commercial arbitration a preferred method of dispute resolution particularly in the oil and gas industry. The author also examines the various principles of international commercial arbitration and their practical application. The readers including legal and arbitration practitioners, researchers, academicians, students and lawyers will find this book quite resourceful. von Mgaya, Raphael Bahati Tweve