Okay, so the arbitration is to be under Senegalese law. There are many oil and gas companies working in or off Africa so, I'd imagine that the laws surrounding PE rights are fairly well developed. We know that COP needed the money quickly and the deal was probably done in a hurry. Did WPL have time to obtain legal opnions relating to PE rights and compliance with the law? IMO, it would be doubtful given the short time frame.
