International Arbitration in Latin America: Energy and Natural Resources Disputes

International Arbitration in Latin America is a pioneering book furnishing a comprehensive, in-depth analysis of critical issues arising from energy and natural resources contracts and disputes in the region, covering a wide range of procedural, substantive, and socio-legal issues. Energy projects in Latin America are a major contributor to economic growth worldwide. This book also sheds light on how states have shifted from passive business partners to more active controlling players. 

What’s in this book:
This detailed book focuses on the entire Latin American region and elucidates the extensive treatment and examination of arbitration practice particularities, including arbitrability, public order, enforcement, and the complex public-private nature of energy transactions. Penned down by the most experienced and respected arbitration practitioners in the energy and arbitration market, the book explicates the following issues and topics:

• state-owned entities as co-investors or contracting parties;
• role of environmental law, indigenous rights and public participation;
• issues related to political changes, corruption, and quantification of damages;
• climate change, renewable energy, and the energy transition;
• force majeure, hardship, and price reopeners;
• arbitration in the electricity sector;
• take-or-pay contracts;
• recognition and enforcement of awards;
• tension between stabilization clauses and human rights;
• mediation as a method for dispute settlement in the energy and natural resources sector; and
• different comparative approaches taken by national courts in key Latin American jurisdictions.

The book also highlights the impact of COVID-19 on the arbitration process, emerging laws, political circumstances’ changes, global economic trends in the oil & gas market, the energy transition, and the rise of new technologies.

How this will help you:
This remarkable book will prove invaluable to in-house lawyers, government officials, academics, and the rest of the arbitration community involved in international arbitration with a particular interest in the energy and natural resources sector.

Editors

Contributors

Foreword

Part I
Actors, Procedural and Substantive Issues

CHAPTER 1
States as International Actors in Energy and Natural Resources Disputes: The Latin-American Experience
Mélida N. Hodgson & Pablo Garrido Cardozo

CHAPTER 2
Complex Procedural Issues Arising from Energy and Natural Resources Disputes
Eduardo Zuleta-Jaramillo & Rafael Rincón-Ordóñez & Juan Ignacio Guerra-Toro

CHAPTER 3
Complex Substantive Issues Arising from Energy and Natural Resources Disputes
Eduardo Damião Gonc¸alves, Flávio Spaccaquerche Barbosa & Caio Gabra & Ana Clara Nascimento

Part II
Sector-by-Sector Analysis

CHAPTER 4
Petroleum Contracts, Applicable Laws and Lex Petrolea in Latin America
Enrique A. Jaramillo & Marlon M. Meza-Salas

CHAPTER 5
Gas and Liquefied Natural Gas Disputes in Latin America, Issues of Force Majeure, Hardship, and Price Reopeners
Emmanuel E. Kaufman & Sofia Svinkovskaya

CHAPTER 6
International Investment Arbitration in the Latin-American Electricity Sector
Alvaro Galindo & Catalina Echeverri

CHAPTER 7
Renewable Energy Arbitration in Latin America
John Adam

Part III
Relevant Issues Affecting the Outcome of an Energy Dispute

CHAPTER 8
Corruption in Energy and Natural Resources Investment Disputes in Latin America
Mélanie Riofrio Piché & Patricia Saiz

CHAPTER 9
Damages in Energy and Natural Resources Arbitrations in Latin America
Noiana Marigo & Michael Seelhof

CHAPTER 10
Recognition and Enforcement of National and International Arbitration Awards in Latin America: Energy and Natural Resources Disputes
Adrián Magallanes & Montserrat Manzano & Claus Von Wobeser

Part IV
A Particular Zoom into the Brazilian Practice

CHAPTER 11
Arbitration in Brazilian-Related Energy and Natural Resources Disputes
Felipe V. Sperandio

CHAPTER 12
Disputes in the Brazilian Electricity Market
Renato Stephan Grion

CHAPTER 13
Take-or-Pay Contracts in Project Finance: Focus on Gas-Supply Contracts in Brazil
Peter Christian Sester

Part V
Lessons, Reflections and Social Justice in Energy and Natural Resources Disputes

CHAPTER 14
Three Notable Issues from the Venezuela Experience
Hugh Carlson & Anton Chaevitch & Liz Snodgrass

CHAPTER 15
Intimate Enemies: Are Stabilization Clauses and Human Rights Compatible under International Law?
Fabio Núñez del Prado & Eugenia Simo García & José Ignacio García Cueto

CHAPTER 16
Measuring Public Participation in International Investment Treaty Law: A Study of the Latin American Extractive Industries
Gloria M. Alvarez & Ilias Kazeem

CHAPTER 17
Enabling Frameworks for Energy Investment in Latin America: A Global Perspective
Ernesto Bonafé

Part VI
The Energy Transition and Climate Change in International Arbitration

CHAPTER 18
Achieving Latin America’s Energy Transition: Looking into the Roles of International Arbitration and Dispute Avoidance
Eric Franco & Alejandra Verdera

CHAPTER 19
Climate Change and International Arbitration in Latin America
Daniela Páez-Salgado & Emily Westphalen

Part VII
Mediation in the Energy Sector

CHAPTER 20
Mediation in the Energy and Natural Resources Sector: The Latin-American Experience
Fernando Navarro & Joe Tirado

Concluding Thoughts on the Energy Arbitration in Latin America
Mélanie Riofrio Piché & Celia Cañete & Gloria M Alvarez