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Clear arbitration clauses key to resolving disputes

WITH more and more complex production-sharing agreements and other services contracts being negotiated in the oil and gas sector, industry lawyers warn that companies should include clear arbitration clauses in order to avoid protracted legal battles to resolve disputes.

Industry lawyers say specific terms of arbitration need to be included as dispute resolution can become very complicated, especially if there is any liability involved, such as in the recent BP disaster...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.