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At the heart of any upstream oil and gas joint venture is the parties’ agreement to share in the costs of the joint operations to be undertaken. This is enshrined in the “pay now, dispute later” principle which underpins the payment mechanisms and the default procedures set out in joint operating agreements. The next episode … Read more
Oil prices have recently reached historic lows and oil companies are faced with a number of potential legal issues as the prices impact their trading and operational agreements. In this podcast series, our energy disputes lawyers consider some of the key issues triggered by the current low oil price environment, looking in detail at a … Read more
Oil prices have recently reached historic lows and oil companies are faced with a number of potential legal issues as the prices impact their trading and operational agreements. In this podcast series, our energy disputes lawyers consider some of the key issues triggered by the current low oil price environment. Read more
Herbert Smith Freehills has helped secure an important victory for the Kingdom of Spain in a long-running investor-state arbitration concerning regulatory changes made by Spain in 2010 to the Feed-in Tariff regulation governing the photovoltaic (“PV”) sector in Spain. On February 28, 2020, a Tribunal constituted by...
