The growing oil & gas industry has seen numerous international companies establishing a presence here but there is no legislation for arbitration within the sector which is why government is partnering to ensure disputes can be settled in country, according to Attorney General Anil Nandlall.
“With Guyana becoming an oil producer and the consequent explosion in the commercial sector of a large number of mega multinational companies now establishing, naturally we have to fashion new legislation to meet the demand of this commercial reality,” Nandlall told Stabroek News in an interview as he discussed the Ministry of Legal Affairs’ 2022 legislative agenda while announcing that work is ongoing on an Arbitration Bill.