If Heritage Oil win this case and avoid paying tax, there will be a deep sense of injustice in Uganda for many years to come, said George Boden, a Campaigner at Global Witness. Last year the UK provided 84 million pounds in aid to Uganda. As one of the countrys biggest donors we need to question the hypocrisy of a London Arbitration process which deprives Ugandan civil society of the ability to hold their own Government to account on vast public assets.
With reference to the quotation above, critically evaluate the grounds of appeal and comment on the reasons which contributed to the success of this case.
Demonstrate a good understanding of the substantive rules of international law applicable to the oil and gas industry.
Evaluate the key principles of contract formation in international commercial transactions and key international law principles and trends in the oil and gas sector.
Assess the effectiveness of international law in addressing the environmental impact of oil and gas exploration and exploitation.
Demonstrate a critical understanding of the importance of oil and gas law as a distinct subject, studied in a practical and commercial context.
Demonstration of detailed knowledge of the legal framework of oil and gas industry and the implications of national, regional and international law.
Demonstrate Ability to analyse a range of information and to synthesize ideas, selecting appropriate techniques of evaluation.
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“Heritage Oil & Gas Ltd Vs Uganda Revenue Authority”
Heritage Oil & Gas Ltd Vs Uganda Revenue Authority
In today’s society, gas, oil, and mineral rights have become vital in many nations. Most nations pride themselves on their ability to trade with other nations. Heritage Oil Limited is a perfect example of a company that deals with the distribution of oil and petroleum in various countries across the globe. On 1st July 2004, the Heritage Oil and Gas Limited got into an agreement with the Ugandan Government (N.a. 2012, p1). They made an agreement regarded as “Production Sharing Agreement” (PSA) where the two parties were to take part in the production, exploration, and development of oil and gas. For effective operation, an arbitration clause was included, which claimed that any disagreement that could arise between the two parties was to be harmoniously settled within 60 days. The failure of this would cause the arbitration to be conducted based on the regulations and standards of the “United Nations Commission for International Trade Law” (UNCITRAL)…..
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