International Energy Investment Law by Peter Cameron University Of Dundee )

International Energy Investment Law by Peter Cameron University Of Dundee )

Long term contracts have been used in the international petroleum industry since its earliest days. However, they have been prone to unilateral revision by host governments in countries where the petroleum reserves are located. In the 1970s a wave of nationalisations and contract renegotiations led to a number of much cited arbitral awards and significant changes in contracting practice in the international petroleum industry. Recently, it has become clear that a new wave of unilateral state action is taking place in the international petroleum industry, most evidently in Latin America and Russia. These developments increase the tempo of a long-term process in which the exposure of largely privately owned Western energy companies to unilateral state action has been increasing. The book asks: how have legal processes and instruments developed to mitigate that growing exposure, and why have they had so little success? This monograph examines and assesses the variety of legal instruments from international and commercial law that have been designed to promote stability in long-term contracts in the international energy industry (including dedicated contract provisions, bilateral investment treaties and multilateral treaty instruments). It covers both energy production and networks involving large-scale fixed infrastructure. It pays particular attention to their practical impact through an analysis of their enforcement by arbitration tribunals and bodies, such as the ICSID, the ICC and the LCIA. The book also examines the growing challenges presented by environmental and 'social' risk to the stability of long-term agreements. The book's approach is both analytical and historical, locating legal instruments and enforcement awards in their context, discussing their origins and purpose.

Professor Cameron carefully paints on a large canvassThe results will be of high interest to the student and practitioner of international energy law. * Judge Stephen M Schwebel (from the foreword) *
An excellent contribution to the subject of international investment law as part of a growing field of international law. It is certainly worth studying and reading carefully * Dr Rafael Leal-Arcas, Oil, Gas and Energy Law Intellegence *
The book should be on the practitioners desk...an excellent well written source book * Nancy Turck, International Energy Law Review *
This is a highly commendable book that should be included in the best oil & gas law and international arbitration libraries * Tim Martin. Journal of World Energy Law and Business *

Peter D Cameron is Professor of International Energy law and Policy and Directoy of the Centre for Energy, Petroleum and Mineral Law (CEPMLP) at the University of Dundee. He has been Professor at the Robert Schuman Centre for Advanced Studies,European University Institute, Florence and director of the International Institute of Energy law at Leiden University.

SKU	Unavailable
ISBN 13	9780199545230
ISBN 10	0199545235
Title	International Energy Investment Law
Author	Peter Cameron University Of Dundee )
Condition	Unavailable
Binding Type	Hardback
Publisher	Oxford University Press
Year published	2010-03-25
Number of pages	560
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.