Dispute Resolution in International Oil & Gas Contracts
Title: Dispute Resolution in International Oil & Gas Contracts
Date: 13th – 14th of November, 2006
Venue: Auditorium-Dubai Chamber of Commerce and Industry
Organized by: Dubai International Arbitration Centre (DIAC)
Association of International Oil & Gas Negotiators (AIPN)
Hosted by: Dubai Chamber of Commerce and Industry
Summary about the Conference: The date of the conference coincided with the date of the 5th meeting of the Dubai International Arbitration Centre Board of Trustees, which was held on the 12th-13th of November 2006. The opening speech was addressed by H.E Mohamed bin Dha'en Al Hamili, UAE Minister of Energy, and Prince Dr. Bandar Bin Salman Al Saoud, Adviser for King of Saudi Arabia , President of Saudi Arbitration Group. Both Speakers welcomed the audience and highlighted the importance of the topics and issues that will be discussed in the conference. They also praised the organizers’ efforts and wished the audience a pleasant and fruitful conference.
Speakers and Subjects: Throughout this forum, elite speakers from around the world were gathered as experts, including those fluent in the field of contract dispute resolution with great experience in Oil & Gas Contracts and in the International Arbitration rules, Chairmen of International Arbitration Centers, writers of books which are references in the world of Arbitration and Contracts Dispute Settlements where allowed to voice and raise various opinions.
Throughout the conference those chosen as speakers submitted their individual working papers. Said papers covered a variety of subjects related to Oil & Gas contracts and new trends in this field. They also covered well known and petty disputes prominent to the Arabian Gulf and defined how to choose arbitrators or lawyers along with a brief introduction entailing the advantages and challenges that face Arbitration in Dubai.
Audience and Participants: The inauguration of the conference was characterized by the presence of important personalities headed by his Excellency Mohammed bin Dha'en Al Hamli, Prince Dr. Bandar Bin Salman Al Saud, Sheikh Saud Bin Abdel Aziz Al- Mualla, H.E Mohammed Saleh Al Saleh, Director of the Expertise and Dispute Settlement Department at the UAE Ruler's Court; H.E. Obaid Al Tayer, President of Dubai Chamber of Commerce & Industry, H.E. Hamad Mubarak Buamem, Director of Dubai Chamber of Commerce & Industry, and DIAC Board of Trustees Members, Whom are amongst the most important international personalities in the filed of Arbitration. Over 150 participants from different parts of the world and of different professional sectors including Judges, Lawyers, Legal Consultants and Oil & Gas specialists.
Media Coverage: The opening ceremony of the conference was attended by many TV Channels presenters, photographers and was fully covered in the next day.
From the beginning of the preparation for the conference, the Centre developed a full coverage plan for the event. The Centre arranged daily contacts and press interviews with the media to cover the news of the event and to supply information about the Centre.
Newspapers followed the event with great interest by publishing articles about its sessions. However, those specialized in the Oil & Gas industries were particularly interested in detailed coverage of the event.
Social Events: Dubai International Arbitration Centre holds a great interest in the ability of participants of such conferences to be able to combine the benefits of knowledge with social pleasures. Accordingly the Centre arranged hospitable social events: two lunches in Dubai Creek Sheraton Hotel, Both lunch occasions had a touch of fines and were a good chance for participants to get better acquainted with one another.
Other events included the distinguished reception and dinner in Park Hyatt Hotel, on 13th November, which was a good networking night for all participants. The Dinner was marked by attendance of H.H. H.E Mohamed bin Dha'en Al Hamili, UAE Minister of Energy, and Prince Dr. Bandar Bin Salman Al Saoud, Counselor for his majesty king of Saudi Arabia , President of Saudi Arbitration Group.
DIAC would like to extend it's gratitude for every one contributed in the great success of this conference. Special thanks to our partners, our sponsors, speakers, and delegates and for the task force team who worked hard to achieve this great success recognized by the positive evolution and satisfactory feed back by participants.
Conference Subject: The importance of this conference is legendary as it deals with the most important economic sectors in the region and in some instances in the world. Contractual relations, which have become a main topic of discussion among many international organizations, were the main theme for discussion throughout the duration of this event. The importance of this subject has grown due to disputes arising from the execution of contracts affecting cost of project completion. The Dubai International Arbitration Centre (DIAC) has become a necessity in the role of promoting legal awareness on both an internal and a regional level, as well as, offering the most suitable solutions with the intention of avoiding complications in Oil & Gasrelated contracts, through offering well respected services in solving disputes through professional arbitrators with rapid and low cost procedures that cannot be achieved through courts.