The law applicable to Petrolume contract

dc.contributor.authorMimoso, Maria João
dc.date.accessioned2020-09-02T16:19:43Z
dc.date.available2020-09-02T16:19:43Z
dc.date.issued2020
dc.description.abstractAs the oil industry is the largest industry in the world, and with the oil contract as the object of these activities, it is imperative to discern some of the issues surrounding it. Producing countries intend to maximize profits from the exploitation of their natural wealth, while consuming countries want to guarantee supply at the lowest possible price. It is important to understand the focus of conflicts in this sector.These are linked, on the one hand, to the need for oil, the decrease in new reserves and the increase in its exploitation. Onthe other hand, we have the political instability of the producing countries, the disrespect for the environment and social rights of the population on the producing States. This contract has the State and the investor as protagonists. They are often concluded under the aegis of bilateral or multilateral investment agreements between the producer country and the investor's country of origin. Since they are strategic natural resources, the producing State seeks to safeguard the interests of its population. Thus, it is common to include special clauses, maximestabilization clauses and arbitration clauses. In its regulation, whether in the negotiation or conclusion stages of the contract or even in the dispute resolution phase, an appeal to International Commercial Law is required, covering both UNIDROIT principles and Lex mercatoria, configured here in Lex Petrolia.pt_PT
dc.identifier.citationMimoso, M. J. (2020). The law applicable to petrolume contract. Journal of Environmental Treatment Techniques, 8(3), 2020, (pp. 1242-1246). DOI: https://doi.org/10.47277/JETT/8(3)1246. Disponível no Repositório em: http://hdl.handle.net/11328/3175pt_PT
dc.identifier.doihttps://doi.org/10.47277/JETT/8(3)1246.pt_PT
dc.identifier.issn2309-1185
dc.identifier.urihttp://hdl.handle.net/11328/3175
dc.language.isoengpt_PT
dc.relation.ispartofseries3;
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectAgreementpt_PT
dc.subjectClausespt_PT
dc.subjectConflictspt_PT
dc.subjectLex Petroliapt_PT
dc.subjectRegulationpt_PT
dc.titleThe law applicable to Petrolume contractpt_PT
dc.typejournal articlept_PT
degois.publication.titleJournal of Environmental Treatment Techniquespt_PT
degois.publication.volume8pt_PT
dspace.entity.typePublicationen
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