The insertion of stabilisation clauses in international petroleum, gas and mineral agreements is currently a common feature. Such clauses are intended as safeguard devices against any unilateral termination of or modification in the agreement concerned by either contracting party without prior mutual consent of the parties. The paper deals with various issues relating to stabilization clauses and suggests some practical ways for avoiding pitfalls.
|Number of pages||5|
|Journal||International Energy Law & Taxation Review|
|Publication status||Published - Apr 2005|