Australia's largest stock trading and investment forum Australia's #1 stock forum

Sorry you are not correct the Senegal PSC sets out clearly the...

First 42 Last

Share
Profile

Follow
Davy Boy

16,053 Posts.

3672

05/06/18

20:23

Post #: 33514210
Share

Originally posted by silsol ↑

It is not under Senegalese law.

Arbitration under the ICC Arbitration Rules is a formal procedure leading to a binding decision from a neutral arbitral tribunal, susceptible to enforcement pursuant to both domestic arbitration laws and international treaties such as the 1958 New York Convention. Mediation under the ICC Mediation Rules is a flexible procedure aimed at achieving a negotiated settlement with the help of a neutral facilitator.

IMO, the issue is whether the PE rights were triggered by the sale of ConocoPhillips Senegal B.V. from COP to WPL. There was a change in control and under Australian law, PE rights would be considered to be triggered upon a proper construction of the relevant clauses under the JOA and other agreements. There is a strong precedence cited in many cases about PE rights and I think that the ICC will be strongly influenced by these cases.

Expand

Sorry you are not correct the Senegal PSC sets out clearly the term of any arbitration in Senegal. DB
1 Upvote

Reply

There are more pages in this discussion • 10 more messages in this thread...

First 42 Last

SPONSORED BY