Knowing your territory is vital for energy firms
Energy firms must operate in many different countries, with a variety of legal systems and cultural traditions. Strong knowledge of these areas is crucial if companies are to avoid being ensnared in a legal and regulatory minefield, writes Vincent Kaminski
My last column addressed the issue of legal risk and contract complexity in the energy business. This time, I want to address a related topic: the legal risks arising from foreign operations. Most big energy companies operate in multiple countries, with different legal systems and different traditions. In many cases, it is unclear which law applies in a given situation and where potential disputes will be litigated.
Energy companies operate in many countries, not by choice, but out of necessity
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