Arbitration and Natural Resources
Article from: TDM 5 (2007), in International Oil & Gas Arbitration
This article is an introduction to the subject of arbitration in such areas as mining, oil, gas and electricity commerce and production. In the first part it shows the reasons to prefer in some cases arbitration instead of a judicial lawsuit. Such reasons are, mainly, the possibility of the parties to design and build, according to their necessities, the tribunal and the procedure that is going to decide on their controversy; also the fact that arbitration is by far a less formalistic legal environment than the Courts and so more close to the entrepreneurial mind; and, least but ...