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Launch of International Centre for Energy Arbitration 04/10/2013 An International Centre for Energy Arbitration (ICEA) was launched in Scotland this week.

Launch of International Centre for Energy Arbitration

An International Centre for Energy Arbitration (ICEA) was launched in Scotland this week.

The ICEA – a joint-venture between the Scottish Arbitration Centre and the Centre for Energy, Petroleum and Mineral Law and Policy at the University of Dundee (CEPMLP) – aims to work with the energy sector to allow Scotland to become an international specialist in international energy dispute resolution.

“Scotland is a leading international energy centre, being home to a global oil and gas hub and some of the best renewable resources and technologies on the planet,” said First Minister Alex Salmond, launching the new venture. “At the same time, we have built on Scotland’s distinguished legal system to develop a world-class legal framework for cost-effective arbitration services.”

“It is fitting, therefore, that we are opening an International Centre for Energy Arbitration – a development that will further enhance Scotland’s attractiveness to global energy companies, associated professional service providers and investors,” he added.

According to Andrew Mackenzie, Chief Executive of the Scottish Arbitration Centre and Secretary General of the ICEA, the ICEA will now consult the energy sector and work with relevant representative bodies to establish current trends and desired requirements in respect of dispute resolution within the industry.

“This research will support the proposed preparation of bespoke energy arbitration rules,” he said. “We are keen to hear from the sector, so those interested in contributing or interested to find out more should get in touch with the centre. In the meantime, we will promote Scottish arbitration under the Arbitration (Scotland) Act 2010 for energy disputes, Scotland as a place to arbitrate such disputes, and the Scottish Arbitration Centre as an appointing body in ad hoc arbitration.”

 

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