2014-Sustainable Industrial Processing Summit
SIPS 2014 Volume 7: Energy Production, Environmental & Multiscale
| Editors: | Kongoli F |
| Publisher: | Flogen Star OUTREACH |
| Publication Year: | 2014 |
| Pages: | 528 pages |
| ISBN: | 978-1-987820-09-6 |
| ISSN: | 2291-1227 (Metals and Materials Processing in a Clean Environment Series) |
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DESIGN, PERFORMANCE AND LITIGATION OF MINING AND MINERAL PROCESSING CONTRACTS: CASE OF ALBANIA
Jordan Daci1; Leandro Ndoj2;1WISDOM UNIVERSITY, Tirana, Albania; 2EUROPEAN UNIVERSITY OF TIRANA/ ASS. ATTORNEY AT LAW, Tirana, Albania;
Type of Paper: Regular
Id Paper: 141
Topic: 8
Abstract:
The art of negotiation and drafting of contracts is becoming everyday more and more a very challenging process that takes a lot of energy and is very costly. On the other hand, successful contract performance is mostly ensured by a well negotiated and designed contract, which appropriately addresses as many as possible factors that may jeopardize this process. Certainly, in order to achieve this goal, an investor should consider also a lot of other factors such as: proper legal warranties, tax regimes features, as well as Alternative Dispute Resolution (ARD) forms. In current era, negotiating and choosing the right design and content for these types of contracts depends a lot from the country legal background, acceptance of international treaties on ARD and other specific factors. From this perspective, the main purpose of this paper would be to offer to the community of investors especially in mining and mineral processing sectors, a set of key findings and recommendations concerning contracts negotiation, design and performance in general and especially in a developing country such as Albania.