Introduction

Hardly do long-term contractual agreements run their course without some terms being changed or dispute arising there from; more so in case of transnational investment arrangements between governments and foreign investors. This may partly be so because of the uncertainties in the markets, the extent and economic value of the minerals, or the socio-political set up of the host country which may undergo changes from time to time. Changes in commodity prices on the international markets, or change of fortune of the venture or project may lead either of the contracting parties to ...