i-law

Offshore Construction Law and Practice


Page 406

CHAPTER 20

Dispute resolution procedures

A Introduction

20.1 No one likes disputes. No party enters into a contractual relationship wanting things to go wrong. Yet all offshore contracts will include dispute resolution provisions setting out procedures to regulate how disputes should be resolved. A focus on resolution is obviously important: The nature of construction in the offshore business means that very large sums of money are involved, the parties may have ongoing commercial relationships to preserve and, just as no one likes disputes, no one likes allocating resources to lawyers and legal proceedings, when such resources could be better designated.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.