Latest update November 5th, 2026 10:30 AM
Latest News
- High Court to rule on Mohamed’s bail application on Nov. 23rd
- Local Content Act may be amended to force oil firms to unbundle contracts
- Iran crows over midterms as Trump admits war ‘largely’ triggered defeat
- Police arrest Berbice man over ‘Channa bomb’ threats at protest
- Bandit loses tooth during botched robbery
Sovereign risk insurance
DEAR EDITOR,
It is time the likes of Christopher Ram and the rest explain in layman terms Expropriation and Regulatory (change of law) Risks associated with Exxon to the Guyanese people. Moreover, how Exxon got investors to finance the projects of drilling for oil in Guyana.
The risk of expropriation encompasses all discriminatory measures taken by a host government which deprive the investor of its investment without any adequate compensation; for the purpose of analysing the expropriation risk, events of embargo, change of (legal) regime and denial of justice are included.
Regulatory risk is the risk that a change in regulations or legislation will affect a security, company. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions, or industry.
I assumed investors and banks were not stupid and took out sovereign risk insurance.
Keith Bernard
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
Website Hits
Blunt of the day
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
