Considerations on the best practices under the transnational law approach

Reflexões sobre as melhores práticas à luz do direito transnacional

Luciana Palmeira Braga () and Elisdíney S. T. da Frota
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Luciana Palmeira Braga: GAEL - Laboratoire d'Economie Appliquée de Grenoble - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - INRA - Institut National de la Recherche Agronomique - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]
Elisdíney S. T. da Frota: UFRJ - Universidade Federal do Rio de Janeiro [Brasil] = Federal University of Rio de Janeiro [Brazil] = Université fédérale de Rio de Janeiro [Brésil]

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Abstract: The present article discusses the best practices of the Petroleum Industry, by explaning the doctrine definition for this expression, characterizing the authors who elaborate these practices and pointing out their legal provisions in the Brazilian regulatory framework. There are some considerations that can be explained on the legal interpretation of the best practices, by comparing the two contrasting theories: the Pure Theory of Law by Kelsen and the Theory of Droit en Reseaux by F. Ost and M. Kerchove. The latter is more suitable to analyze the best practices under the approach of the Transnational Petroleum Law. Lastly, the importance of keeping Brazilian Petroleum Agency (ANP) regulators updated on the best practices will be highlighted, in order to monitor their application and comply with the legal provision of the Production Sharing Agreement (PSA) Law.

Keywords: Transnational Law; Droit en Reseaux; Petroleum Industry; Best practices; Auto-regulation; Melhores Práticas; Indústria do Petróleo; Autorregulação; Direito Transnacional (search for similar items in EconPapers)
Date: 2018-09-24
Note: View the original document on HAL open archive server: https://hal.science/hal-01893453v1
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Published in Rio Oil & Gas 2018, Sep 2018, Rio De Janeiro, Brazil

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