拉丁美洲经商中国公司投资阿根廷页岩油气案例探讨英阿根廷.ppt

October 2013 Pagbam Law Firm Argentina Doing Business in Latin America. A prospective case study of a Chinese company investing in the Argentine shale oil gas business * Representation of Chinese clients: Sinopec China Development Bank ZTE Undisputed leaders in the energy law sector Leaders in defending Chinese companies In Arghentine antidumping cases Assisting MOFCOM iin 2010 visit to Argentina First to be awarded the Chambers Best Latin American Law Firm Award One of 3 law firms selected as approved counsel for IFC in Argentina Worked for international finance development agencies: IIC, IFC, IADB, EximBank, CAF. China Development Bank Cooperating with Dacheng Since 2009 150+ attorneys Quick facts about PAGBAM PAGBAM * The Latin American dream ? Argentina and China are the two countries with highest shale hydrocarbons potential outside the US. Vaca Muerta is considered as exciting as Eagle Ford, Haynesville, Barnett and Marcellus in the US. Argentine shale has significant advantages. It is three times as deep as Eagle Ford in Texas and yields could be double, excellent pressure, an low density areas. * The welcoming experience: Far from the Singapore airport standards ? I would like to set up an investment vehicle for next week to participate in a public bidding for an Argentine shale area? ? Incorporation of the local investment vehicle: ?A half year delay? Permitting Overlapping jurisdictions Environmental approvals Energy reporting and permitting Labor structure incompatible with the region’s economic development * The Learning Curve: Overcoming cultural gaps. ? Please take a look to our contract to enter into a Joint Venture with a local partner? ? Contract drafting: What for? Local partner, mandatory or convenient? YPF’s interesting status * The Latin American shortsighted view vs China’s long term view in resource management Resource Market Investment Technology Social Environmental Sustainability ? * 56% of Electricy s