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  • 8 - Industry-Specific Clauses and Their Interpretation

  • from Part III - Scope and Interpretation of Arbitration Clauses
  • Edited by Larry A. DiMatteo, University of Florida, Marta Infantino, Nathalie M-P Potin
  • Book:
    The Cambridge Handbook of Judicial Control of Arbitral Awards
    Published online:
    08 October 2020
    Print publication:
    29 October 2020, pp 119-129

  • Summary

    Some industries have avoided using standard or generic arbitration clauses by developing industry-specific clauses. This chapter focuses on the energy sector and its view of arbitration as reflected in its widely used arbitration clause. Given the specificity and uniqueness of the industry, energy disputes are mostly settled through alternative dispute resolution methods. From a legal standpoint, the regulations and practices related to the energy sector are complex and chaotic due to the technical nature of the energy industry. In such a context, energy dispute resolution cases are unusually complex. Large energy transactions, projects or contracts almost always have an international dimension, and the preferred means of dispute resolution is international arbitration.