Arbitration, especially when it involves parties that come from around the world, has become increasingly popular the past decaden the years 2000 through 2008, reports showed that international arbitrations administered by the ICC have increased by as much as 22% and those administered by the Singapore International Arbitration Centre by 73%ackgroundGas and oil are two of the world's most prized commoditiesnterestingly, they are abundantly found in several of the most sensitive countries in the worldrbitration, specifically following the UNCITRAL rules, is generally the most commonly adopted method for the settlement of disputes in the oil and gas industrieseveral factors have led to thishey include:1he technical nature of disputes means an arbitrator who has specialized knowledge is required; 2he contracts involved anticipate disputes and thereby require provisions for answer proceedings; 3rbitration is more favored by multinational oil and gas companies ... [Read More - Criminal Records Dc]
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