Joint Operating Agreement: Applicability and Enforceability of Default Provisions

Authored and edited by scholars and practitioners with practical expertise and international experience, this book provides a comprehensive overview of recent US and international developments concerning defaults in the JOA context:

• Analysis and comparison of various international JOA model forms
• Obstacles to enforcement of default remedies in civil law jurisdictions
• Operator as defaulting party
• Impact of governing law and dispute resolution clauses
• Effect of insolvency
• National oil company participation
• Enforceability of forfeiture and buy-out provisions under English law after Makdessi
• Sole risk, non-consent, and mutatis mutandis
• Unitization and unit operating agreements
• Accounting procedures