National Iranian Oil Company v. Sapphire International Petroleums Ltd.

Abstract

Disputes — Arbitration — The award — Scope and binding force of award — Arbitration between State-owned company and foreign private company — Arbitration provisions in oil concession agreement — Law governing such agreement — Assignment of contractual rights and obligations — Proper party to initiate arbitration — Validity of appointment of sole arbitrator — Validity of his award — The law of Iran.