Steven Wilson

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Energy & Natural Resources

Oil and gas JOA defaults: English Court of Appeal upholds restraint of remedies
United Kingdom | 04 December 2017

The Court of Appeal recently upheld a High Court decision in which an oil company was found in contempt of court for holding an operating committee meeting in the absence of an alleged defaulting party. In doing so, the English courts have confirmed a willingness to intervene on an interim basis to preserve the status quo and prevent remedies available under a joint operating agreement from being exercised, pending the resolution of the issue in dispute by means of arbitration.