In “The Venezuela Dispute Resolution Conundrum,” Marc J. Goldstein examines the complex legal and political risks facing energy and mining companies considering new investments in Venezuela. He focuses on OFAC’s June 2026 General Licenses, which require contracts to be governed by the laws of a U.S. jurisdiction and related dispute resolution proceedings to occur in the United States, United Kingdom, France, or Singapore. The commentary explores how political instability, future governmental …
Oil and Gas
Venezuela Six Months Later: An Update for the Arbitration Community
In “Venezuela Six Months Later: An Update for the Arbitration Community,” the author examines how Venezuela’s evolving political and economic landscape could affect international arbitration, foreign investment, and the country’s efforts to rebuild its energy sector. The commentary explores the positions of major oil companies, including ExxonMobil, Chevron, ConocoPhillips, and Repsol, while considering the continuing significance of unpaid arbitral awards and judgments arising from earlier …
Oil and Gas Disputes
The oil and gas industry has long been a leader in promoting the resolution of industry disputes through the use of binding arbitration. In the international sphere, the oft-mentioned Abu Dhabi, Qatar, ARAMCO, Aminoil, and Libya cases played a critical role in promoting the acceptance of investor-state arbitration and the applicability of international law to oil & gas industry disputes involving host nations. Today, the vast majority of international …
