Drafting stabilisation clauses in international energy contracts: some pitfalls for the unwary

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Abstract

Examines the drafting of stabilisation clauses in international energy contracts, particularly with regard to international petroleum contracts, preventing a State or other contracting party from modifying or abrogating contractual terms without the other party's consent or "except by mutual consent of the parties" during the life of a project. Considers the issue of implied acceptance by conduct or practice. Highlights problems caused by contractual drafting and how to deal with them.
Original languageEnglish
Pages (from-to)23-26
Number of pages4
JournalInternational Energy Law & Taxation Review
Issue number2
Publication statusPublished - 2007

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