stabilization clauses in mining

CostofLiving Adjustment Clauses in Union Contracts: A ...
CostofLiving Adjustment Clauses in Union Contracts: A Summary of Results Ronald G. Ehrenberg, Cornell University and National Bureau of Economic Research Leif Danziger, Tel Aviv University Gee San, Cornell University Our paper provides an explanation why costofliving adjustment
Stabilization Clauses and Human Rights World Bank
Stabilization Clauses For the purposes of this study, "stabilization clauses" are those clauses in private contracts between investors and host states that address changes in law in the host state during the life the project. Use of stabilization clauses is .
Stabilization and adaptation in oil and gas investments ...
May 01, 2008· Stabilization and adaptation clauses may coexist in the same agreement, their objectives being different. By a stabilization clause the State accepts that the exercise of its legislative and administrative powers will not have the effect of modifying the contractual conditions agreed with the investor to the latter's detriment.
Program | The Rocky Mountain Mineral Law Foundation
Stabilizing Risk: The Application of Stability Clauses to Mitigate Risk in the Mining and Energy Sectors Uncertainty has become the norm in today's global environment, and with uncertainty comes added risk, particularly for foreign investors in the energy sector.
Renegotiating Investment Contracts: The Case of Mining ...
Stabilization clauses seem to conflict with other international For instance, they clash with a state's rights and obligations such as sovereignty over its natural resources, the state's obligation to regulate the protection of human rights and the environment by investors.
THE RESOURCE NATIONALISM CYCLE, STABILIZATION .
THE RESOURCE NATIONALISM CYCLE, STABILIZATION CLAUSES AND THE NEED FOR FLEXIBILITY ... University of Leicester June 2014. i ABSTRACT Foreign direct investment in the mining and oil industries is invariably fostered through the signing of concession agreements between the host State and the investor. ... stabilization clauses inflexible because ...
[PDF] Stabilization Clauses and Human Rights | Business ...
Mar 11, 2008· [PDF] Stabilization Clauses and Human Rights Author: Andrea Shemberg, commissioned by IFC and UN Special Representative on business human rights, John Ruggie, Published on: 11 March 2008 The purpose of this study was to examine whether stabilization clauses, a widely used riskmanagement device in investment contracts, may affect a state's action to .
Upheaval and uncertainty in mineral regulation in parts of ...
May 11, 2018· Africa, Investment Arbitration, ISDS, Mining, Oil Gas, Public International Law, State Contracts, Stabilization Clauses and Disputes, Structuring Investments 11 May, 2018 The last few months have seen significant changes to mining regulations in various African states, giving rise to a concern that a regional trend of resource nationalism may ...
Renegotiation or Termination of Oil and Gas Contracts ...
According to the World Bank, over 30 countries revised or made major amendments on their petroleum contracts at the upward point of the oil prices. Now under a different scenario marked with lower oil prices, an effective renegotiation clause and fair termination clause is needed.
TANZANIA LAW AND ORDER: Weak tax laws cost Tanzania .
Aug 15, 2011· However the project stabilization clauses deterred government from possible review or upward adjustment of terms in mining contracts thereby jeopardizing the guarantee of fiscal stability of long term mining projects.
Frank, Sotonye (2014) Stabilisation clauses and ...
STABILISATION CLAUSES AND SUSTAINABLE DEVELOPMENT IN DEVELOPING COUNTRIES SOTONYE FRANK,, BL, LLM. Thesis submitted to the University of Nottingham for the degree of Doctor of Philosophy JULY 2014
Program | The Rocky Mountain Mineral Law Foundation
Host countries offer stabilization frameworks or the option to apply stabilization clauses to provide a measure of confidence for more risky investments. This presentation will provide an overview of the practical usage of such provisions in both a specific segment of the extractive industries and on the global stage overall.
Concession 2B1st Consulting
Definition Concession is a form of contract in the oil and gas industry between a State and a company to explore and develop these resources. Comments. Oil and gas concessions are very similar to mining concessions considering that in all countries, except USA, and few others the underground belongs to the State, not to the owner of the upper land.
Ghana's big test: Oil's challenge to democratic development
Ghana's big test: Oil's challenge to democratic development | Oxfam America / ISODEC . under way rather than after, as was the case with many goldmining proj ects. Because of stabilization clauses, contracts signed now will lock in the currently deficient regulatory regime.
The Impact of Foreign Direct Investment in the Mining ...
decade later, the mining communities in Chiadzwa are much poorer than before. In a regime where contracts are negotiated behind closed doors with guarantee from conidentiality and stabilization clauses, mining companies engage in tax evasion and avoidance which perpetuate resource leakages to the rest of the world, particularly to tax havens and
INTERNATIONAL PETROLEUM AGREEMENTS1: Politics, oil .
Payment of a royalty (called a "rental" in the Drake lease) corresponding to a fractional share of the production (oneeighth or % was traditional at that time for mining activity), payable in ...
Mozambique Fiscal Guide 2017/18
Oil Gas and Mining Companies The divestment on Oilgas or Mining companies is liable to a specific tax regime (with a few exceptions for investments protected under a stabilization clause). In general terms, capital gains full amount are autonomously taxed at the general rate of 32%. The acquirer and the oilgas or mining company are
PRINCIPLES FOR RESPONSIBLE CONTRACTS
International Finance Corporation to compare contractual clauses that are meant to help investors mitigate the risk of changes in law—socalled stabilization clauses— across different sectors and regions and to look at their potential implications for human It was the first empirical study of its kind. This research then served
Arbitration of International Mining DisputesLaw and Practice
International mining disputes represent a significant and growing area of disputes over natural resources, yet the unique risks inherent in the mining industry set them apart, both in the nature of the disputes and the approach taken to resolve them. International arbitration has emerged as the mechanism of choice for the resolution of such disputes.
Guide to Extractive Industries Documents – Oil Gas
(c) Profitoil: The oil remaining after the royalty and cost oil (known as profit oil) is divided between the IOC and the State in accordance with the production sharing provisions in the PSC. It is often the case that the State's share of profit oil increases as production increases.