Business law Research Paper Example | Topics and Well Written Essays - 1250 words

Business law - Research Paper Example The policies formulated must be taken into consideration for implementation purposes. Due to dispute that may arise either from the residents of United Arab Emirates or investors from other countries, ADNOC is a company which is committed to ensuring that sustainable development or equal share between individuals and the earth is achieved. Due to this fact, it has made the company to be competitive and thus it has substantial business transactions by either transporting, shipping oil to other countries, marketing oil and distributing. The demand of oil from non producing countries has made United Arab Emirates to expand and develop other gas fields. Due to this expansion Abu Dhabi National Oil Company has 14 companies for distributing oil, gas and other crude oil. This paper seeks to discuss and examine the means of dispute resolution used by Abu Dhabi National Oil Company in United Arab Emirates. United Arab Emirates is a country that is known for foreign investments and thus the country does not have domestic laws which protect those individual who invest in the country. Treaties are normally used in United Arab Emirates though there is need to come up with investment protection and legal means which are used when there is an investment opportunity. The Great Britain was the one which granted emirates free from protectorate laws in 1939 to 1953. During this entire period the law to govern the Emirates of Abu Dhabi was not documented and thus no legislative or administrative means could be used to cancel any business operation that was being carried by the investors. In 1960s agreements between Abu Dhabi and other international oil companies were written requiring the applicable law to be used while carrying business transactions either abroad or locally. The agreements which were signed out contained force of law and thus incase of breaking it then one was answerable to the law. The