- The Legal 500 UK Bar (2022)3VB is undoubtedly a leading set for energy work.
Energy, Natural Resources & Infrastructure
Barristers at 3 Verulam Buildings appear in cases relating to energy and natural resources. These include arbitration cases arising out of financing disputes relating to oil fields and mines, sales of rights to oil fields by financing banks (for example the eight week Rosserlane v Credit Suisse trial), technical disputes relating to classifications of oil wells and qualities of ore in mine sales, and issues relating to quality banks which regulate the economic interest.
Members of Chambers have also taken leading roles in investment arbitrations relating to alleged expropriations or inference with mining assets (WWM v Kazakhstan, Tethyan v Balochistan), the Yukos cases (the largest investment arbitration award ever) and the Deutsche Bank v Sri Lanka case relating to oil derivatives. In addition, members regularly advise on and act in disputes in relation to power generation including recent work on the impact of the EU Carbon Trading Scheme on long term supply contracts, and the financing of a Tanzanian power station.