(1) Crescent Petroleum Company International Limited (2) Crescent Gas Corporation Limited v. National Iranian Oil Company
Permanent Court of Arbitration · Interstate and investor-state (PCA) · International · 2019
Why it matters
Crescent Petroleum Company International Limited (Private entity )Crescent Gas Corporation Limited (Private entity ) v. National Iranian Oil Company (State entity ), a contract-based arbitration administered by the Permanent Court of Arbitration, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the Crescent Petroleum Company International Limited (2) Crescent Gas Corporation Limited v. National Iranian Oil Company. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.
Summary
Crescent Petroleum Company International Limited (Private entity )Crescent Gas Corporation Limited (Private entity ) v. National Iranian Oil Company (State entity ), a contract-based arbitration administered by the Permanent Court of Arbitration, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the Crescent Petroleum Company International Limited (2) Crescent Gas Corporation Limited v. National Iranian Oil Company. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.
The detail
Parties: Crescent Petroleum Company International Limited (Private entity )Crescent Gas Corporation Limited (Private entity ) v. National Iranian Oil Company (State entity )
Case number: 2019-03
Outcome: Status: Pending
Applicable law: The applicable treaty, contract or arbitration rules; see the original.
Issues in play: Public international law / investment law
Read the full decision at Permanent Court of Arbitration ↗
Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.