Law and Arbitration of Oil and Gas Disputes in Brazil and Mexico
Article from: OGEL 2 (2011), in Comparative Energy Law
Abstract
One of the paradoxes of oil and gas disputes is the arbitrability of contracts in which a party is an international petroleum company and the other a State entity, especially if the entity is based at a Latin American country. Due to the fact that such disputes involve political decisions as well as risky, complex and sophisticated investments, arbitration and alternative mechanisms of dispute resolution are preferred methods for the settlement of disputes. The decline in the production of Petróleos Mexicanos (PEMEX) as well as the discovery of the reserves of ...