by rw | Oct 1, 2005 | Articles, Country Risk
In August of 2001, the government of President Hugo Chavez enacted a controversial hydrocarbons law which established new rules for investors having oil operating agreements with PDVSA (Venezuela’s state-owned oil company). The new law provides the legal platform for...
by rw | Oct 1, 2005 | Articles, Projects
The West Africa Gas Pipeline (WAGP) project was originally proposed in 1982 by the Economic Community of West African States (ECOWAS) as one of its key regional economic policy projects. Over time, the World Bank confirmed the commercial feasibility of building a...
by rw | Oct 1, 2005 | Articles, Interviews, PRI Marketplace, PRI Wordings
Q: To what extent do you see an erosion in the boundaries between (a) PRI and Trade Credit Insurance and (b) PRI and financial guaranties. In each case, what are the implications of this erosion? A: It seems to me that the whole market for PRI, Trade Credit Insurance...
by rw | Oct 1, 2005 | Arbitral Award Default (AAD), Articles, Denial of Justice (DoJ), PRI Products and Coverages
Investors who rely on international arbitration of contract disputes with sovereign counterparties must be prepared to live with the fact that under the best of circumstances arbitration can be a lengthy process—and may have perverse results. Most investors, however,...
