TY - JOUR
T1 - Types of Political Risk Leading to Investment Arbitrations in the Oil & Gas Sector
AU - Dupont, Cédric
AU - Schultz, Thomas Karl Peter
AU - Wahl, Melanie
AU - Angin, Merih
PY - 2015
Y1 - 2015
N2 - It is often believed that investment arbitrations are filed because some form of political risk materialized, harming the investor’s interests. This is the hypothesis that the authors examine in this article, focusing on the oil & gas sector. They analyze which types of political risk, present in the host state, eventually lead oil & gas investors to file investment arbitration claims against that state. They find statistical evidence supporting the idea that bad governance and economic nationalism are indeed conducive to arbitration claims in the oil & gas sector. However, it appears that economic hardship does not have the same triggering effect.
AB - It is often believed that investment arbitrations are filed because some form of political risk materialized, harming the investor’s interests. This is the hypothesis that the authors examine in this article, focusing on the oil & gas sector. They analyze which types of political risk, present in the host state, eventually lead oil & gas investors to file investment arbitration claims against that state. They find statistical evidence supporting the idea that bad governance and economic nationalism are indeed conducive to arbitration claims in the oil & gas sector. However, it appears that economic hardship does not have the same triggering effect.
U2 - 10.1093/jwelb/jwv019
DO - 10.1093/jwelb/jwv019
M3 - Article
SN - 1754-9957
VL - 8
SP - 337
EP - 362
JO - Journal of World Energy Law & Business
JF - Journal of World Energy Law & Business
ER -