Gas Price Arbitrations

A Practical Handbook
1. Auflage 2013
ISBN: 978-1-905783-77-9
Verlag: Globe Law and Business

Buch, Englisch, 198 Seiten, Format (B × H): 159 mm x 241 mm, Gewicht: 478 g

Volatility in the commodity markets - together with events such as the financial crisis, liberalisation of the gas markets in Europe, the development of gas hubs and the continuing influx of liquefied natural gas (LNG) into Europe - has put increasing pressure on pricing in many long-term gas sales agreements into continental Europe. This has led to a huge rise in the number of gas price review disputes, many of which require determination before an international arbitral tribunal.

This practical handbook covers the various aspects of international gas pricing disputes. It contains contributions from leading international arbitration practitioners and arbitrators in the field, in-house counsel and industry experts. It covers the various stages of a gas pricing dispute, from drafting the clause to triggering a review, all the way through the various stages of the arbitral process. It also contains insights into how pricing in Europe may develop in the future and the effect that this may have on dispute resolution.

Despite the large number of high-value disputes in this area, this is one of the very few publications to draw together the various strands of gas pricing disputes into one book. It is therefore an invaluable guide for practitioners, in-house counsel and anyone else with an interest in this area.

Autoren/Hrsg.

Levy, Mark

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Energie- & Versorgungswirtschaft Öl- und Gasindustrie
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Zivilprozess- und Schiedsverfahrensrecht

Inhaltsverzeichnis

Preface 5
Professor Jonathan Stern
Oxford Institute for Energy Studies

Drafting an effective price review clause 9
Mark Levy
Allen & Overy LLP

Procedural issues arising in price review arbitrations 21
Michael Young
Allen & Overy LLP

The trigger phase 33
Marnix Leijten
Martje de Vries Lentsch
De Brauw Blackstone Westbroek NV

Confidentiality in gas price reviews 47
Philippe Pinsolle
Quinn Emanuel Urquhart & Sullivan LLP

Changes of circumstances as a price modifier 63
Michael Polkinghorne
White & Case LLP

The arbitrator’s role 91
George von Mehren
Squire Sanders

The client’s perspective 103
Tristram Kennedy Harper
Sirius Well Manufacturing Services (a Royal Dutch Shell joint venture)

Role of the expert in price review arbitrations 117
Colm Gibson
Energy and utilities expert
Dr Boaz Moselle
FTI Consulting

The adjustment phase 129
David Mildon QC
Essex Court Chambers

The future for price reviews 141
Paul Griffin
Frances van Eupen
Allen & Overy

Appendices 157

About the authors 179

Index 185