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Chevron Corporation’s (“Chevron”) high-profile $53 billion merger with Hess Corporation (“Hess”) has now closed, having recently garnered significant attention, both for its scale and the related arbitration that could have derailed it.

As part of our ongoing monitoring of international and domestic legal developments, this article provides an update on the International Seabed Authority’s (“ISA”) Council Part II of the 30th Session and the National Oceanic and Atmospheric Administration’s (“NOAA”) proposed updates to its regulations implementing the Deep Seabed Hard Mineral Resources Act (“DSHMRA”), which provides the U.S. framework for deep-sea mining.

When parties plan to resolve disputes by arbitration, there are several key considerations regarding procedure. In the fourth of a multi-part series, we look at two key features to consider when drafting (and applying) your arbitration agreement.

The global energy sector continues to be shaped by geopolitical shifts, regulatory changes, and the ongoing energy transition. As industries and governments navigate decarbonisation, energy security, and evolving investment landscapes, disputes are becoming more frequent and complex.

Two ICSID tribunals have recently upheld Spain’s intra-European Union (EU) jurisdictional objections in two arbitrations pursuant to the Energy Charter Treaty (“ECT”).

When parties plan to resolve disputes by arbitration, there are several key considerations regarding procedure. In the second of a multi-part series, we look at two key features to consider when drafting (and applying) your arbitration agreement.

The Kingdom of Saudi Arabia has embarked on a significant legal reform with the introduction of its first Civil Transactions Law (the “Civil Code”), which took effect on December 16, 2023.

On 22 February 2024, the UK government confirmed the UK’s withdrawal from the Energy Charter Treaty (ECT), blaming a failure of efforts to modernise the treaty and align it with net zero aims.

2023 was another year of change brought by global factors, such as the Russia-Ukraine war, the rising trend of protectionism, the continued and increased disruption to supply chains, and inflation — all factors that are set to continue in 2024 and will give rise to dispute risks across different jurisdictions and sectors.