ENERGY AND INTERNATIONAL LAW

• Jurisdiction: Derecho Internacional

International Mining and Oil & Gas Law, Development and Investment
(Apr 2009)
CHAPTER 20A
ENERGY AND INTERNATIONAL LAW
Luis Erize
Abeledo Gottheil Abogados
Buenos Aires

Luis Alberto Erize is the Managing Partner of Abeledo Gottheil Abogados S.C. He studied law at the University of Buenos Aires (Lawyer, 1975). Articles on environmental, insurance, banking and oil & gas law and corporate structures. Author: "Argentina's Exploration Plan. The Return of Exploration Permits and Exploitation Concessions", Journal of Energy & Natural Resources Law, 1992; Lecturer on Argentina Oil & Gas exploration Plan in road shows, May, 1992 in Houston and London, for the Secretariat of Hydrocarbons and Mines. Co-author of "Proposed Supplement to the regulatory framework of the Argentine Electric Energy Industry", First Gas and Electricity Congress for Latin America and the Caribbean, organized by the Argentine Oil & Gas Institute, the American Gas Association and the Society of Petroleum Engineers, Bariloche, 1997. Papers on: "Nuclear Energy and the Electric Energy Market", IBA Vancouver, 1998; "Natural gas in Argentina and in the Southern Cone", IBA Durban, 2002; "Argentina's natural gas crisis, as a consequence of re-regulation. Transition back to market rules?", IBA San Francisco, 2004. "The Passage from Regulatory Changes to Creeping Expropriation: when it is deemed to happen (a case study)" at its Biennial Conference 2006, Rome, Italy from 2-5 April 2006. Council Officer of the Section on Energy, Environment, Natural Resources and Infrastructure Law (SEERIL) (since October 2004). Chair of the sessions on Energy Conflict Management in Latin America and Integration: What the government say, International Bar Association, yearly conference, Argentina, October 2008. Chair of the Oil and Gas Law Committee at the International Bar Association (2009-2010). Author of "The Protection of the Foreign Investments in the Argentine Republic", published in La Ley, 9.4.02. Lecturer on Oil & Gas Argentine sector restructuring, for the E.U., Aix-en-Provence, France, 2003. International arbitration practice. Consultant Member of C.A.R.I. (Consejo Argentino para las Relaciones Internacionales). Assistant Professor of Constitutional Law, School of Law and Social Sciences, University of Buenos Aires (1976-1987).

Investments conflicts concerning energy matters currently existing in Latin America: status and evolution

Abeledo Gottheil Abogados SC Gottheil-García Cozzi-Erize

▪ Major conflicts in Latin America subject to arbitration:

▪ Luchetti v. Peru* (see slide 25)

▪ Oxy v. Ecuador * (see slide 26); Duke v. Ecuador, idem

▪ Aguas del Tunari v. Bolivia (see slide 27)*

▪ Bolivia: "migration" of O&G upstream, YPFB's aggregator role, increase o Govt.'s take (IDH); expropriation)

▪ MTD v. Chile* (see slide 28)

▪ Autoven v. Venezuela* (see slide 29)

▪ Conversion/transition of Service agreements into JOAs, PSAw/PDVSA

▪ The Argentina cases O&G, gas transp.& dist., power gen, electricity distribution, water, telecom, etc.

▪ National Grid v. Argentina (November 3, 2008)* (sec slide 41)

▪ Mexico Nafta cases

▪ Chevron/Texaco v. Ecuador (Interim award, Dec 1, 2008)* (see slide 49)

▪ Repsol YPF v. Petroecuador (jan 8, 2007) on annulment* (see slide 42)

▪ Aguaytia energy v. Perú, Nov. 27, 2008, on legal stability of the contract

▪ Duke v. Perú, Aug. 18, 2008* (see slide 43)

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▪ Investor's standing:

▪ Mexican Eagle co. (1938)* (see slide 13)

▪ Barcelona Traction, Light and Power* (see slide 30)

▪ Elsi v. Italy* (sec slide 33)

▪ Goetz* (see slide 31)

▪ Tokios Tokeles v. Ukraine* (see slide 14)

▪ Maffezzini v. Kingdom of Spain* (see slide 32)

▪ CMS v. Argentina

▪ Siemens v. Argentina

▪ Loewen: the continuing nationality* (see slide 10)

▪ Lucchetti v. Peru: the relevant time for the investment

▪ Argentina cases where jurisdiction has been affirmed:

▪ CMS * (see slide 39)

▪ Azurix

▪ LG&E

▪ Enron

▪ Siemens

▪ AES

▪ Sempra

▪ Camuzzi

▪ Gas Natural

▪ Vivendi (I, II and III)* (see slide 38)

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▪ The most favoured Nation Clause. Current status

▪ Maffezzini v. Kingdom of Spain* (see slide 34)

▪ MTD v. Chile* (see slide 11)

▪ Arbitrarious or discriminatory treatment (implying double standard) as a prerequisite?* (see slide 35)

▪ Wintersball v. Argentina (Dec. 8, 2008):18 months stay, not a less favorable treatment, departing from Siemens conclusion)

▪ Matters of Arbitrability:

▪ Breach of Contract and Breach of Treaty:

▪ Salini Costruttori v. Kingdom of Morocco* (see slide 15)

▪ SPP (Middle East) v. Egypt

▪ SGS v. Pakistan* (see slide 16)

▪ SGS v. Philippines* (see slide 18)

▪ Occidental v. Ecuador (citing Lauder, Genin, Vivendi,CMS and Azurix)* (see slide 21)

▪ Waste Management v. Mexico

▪ Mondev* (see slide 12)

▪ Vivendi Annulment Award* (see slide 17)

▪ Umbrella Clauses & the Standard of Full Protection (contracts "elevated" to International Law undertakings)

▪ SGS v. Pakistan

▪ Pope & Talbot v. Canada* (see slide 36)

▪ Aramco* (see slide 20)

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