Head of Squire Sanders’ International Dispute Resolution practice, George von Mehren, has authored a chapter of Gas Price Arbitrations: A Practical Handbook, due to be launched by publisher Globe Law and Business on 3 April, 2014. The chapter, entitled “The arbitrator’s role,” explores an arbitrator’s jurisdiction to decide issues arising from a price review process; the conditions for a price review; the adjustment of a contract price formula; the timing of proceedings and the delivery of an award.
“The role of an arbitrator in a gas pricing dispute is to determine whether the economics of a contract should be adjusted and, if so, to establish a new price formula. If they are to fulfil this mandate, arbitrators need to understand the commercial context; interpret and apply price review provisions in line with the law governing the transaction and the parties’ commercial objectives,” said Mr. von Mehren. “At a time when long-term gas contracts and prices are undergoing a fundamental change, we hope that this Handbook will provide much needed guidance on the issues and how to resolve them.”
The Handbook covers the various aspects of international gas pricing disputes. It contains contributions from leading international arbitration practitioners and arbitrators in the field, in-house counsel and industry experts. It covers the various stages of a gas pricing dispute, from drafting the clause to triggering a review, all the way through the various stages of the arbitral process. It also contains insights into how pricing in Europe may develop in the future and the effect that this may have on dispute resolution.
With more than 30 years of experience in complex adversarial proceedings, Mr. von Mehren represents clients in international arbitrations and providing strategic advice for litigation in courts outside the United States. He was a member of the Squire Sanders’ team recently shortlisted by Legal Business for Energy & Natural Resources Team of the Year 2014 for representing Italian utility company Edison SpA in three significant international arbitration wins totaling almost €1 billion relating to its long-term natural gas and LNG supply contracts.