Business management Essay Example | Topics and Well Written Essays - 2000 words - 7

Business management - Essay Example The University of California (2008), states that bio-Analytical measurement offers measurement solutions for research and quality control applications to academic and government organisations. Electronic Measurement provides solutions, products and services to the leading customers in the communication and electronic industries. Their wide range of expertise enables them to provide quality services and products to their customers. The company has gained insight from this comprehensive and unique perspective and they are dedicated to helping their customers to make advancement in achieving business results. The main purpose of the business management system in the organisation is to maintain all the operations and groups. These include the Chemical analysis Group (LSG), Electronic Measurement Group (EMG) and Chemical Analysis Group (CAG). They also ensure that the products and services meet the regulatory requirements and customer expectations (The University of California, 2008). The business management system provides a framework whereby business operations and groups can make decisions appropriate to their organisations geographic and customer needs while ensuring that appropriate minimum standards are met. The company’s infrastructure is centrally managed and functions as internal service suppliers to the groups. The scope of the company involves development, procurement, manufacturing, distribution, sales and marketing of their products and services worldwide. Throughout business research, scholars have established that a relationship exists between organisational culture and performance. Organisational cultures are the values which determine how the entity operates according to Mullins (2010). Businesses in the past believed that organisational culture was too hard to manage and were not keen on its importance. Today, they acknowledge that it can be used for competitive

THE GLOBAL ECONOMY Assignment Example | Topics and Well Written Essays - 2250 words

THE GLOBAL ECONOMY - Assignment Example PEC and shale oil producers, end of Quantitative Easing (QE) in the US economy which led to the rise in the dollar value and subsequent fall in the oil prices. Oil prices fall when the world produces more oil than it is able to consume in which case there is a production surplus. Vice versa, a production deficit comes about when the demand for oil is greater than the amount of oil that is being manufactured. However, oil prices have plummeted to half of what they used to be since June. Crude oil has now dipped below $50 a barrel for the first time since May 2009 and US crude has also fallen below $50 a barrel† (2015). In the last decade, oil prices were high because of the rising demand for oil in most of the world but this growing demand could not be met and supply remained low due to conflicts in the oil producing Middle Eastern region, for example Iraq. By 2014, oil production increased exponentially and due to surplus oil being produced, the price of oil fell dramatically. This was caused by a significant increase in US oil production. Because of soaring oil prices, multiple American and Canadian companies started drilling for â€Å"new, hard-to-extract crude in North Dakotas shale formations and Albertas oil sands† and advanced methods like fracking and horizontal drilling began to be used (Plumer, 2015. The introduction of American shale oil in the market has added â€Å"4 million new barrels of crude oil per day† (Plumer, 2015) to the oil market while the global production is â€Å"75 million barrels per day† (Plumer, 2015). Iraq emerged as one of the major contributors to the recent boom in oil production. After the US led invasion of Iraq, oil production was disrupted due to constant war, turmoil and sanctions. However, since 2008 due to efforts being made to bring about stability and curb violence, we have seen a boom in Iraqi oil production. â€Å"Over the next five to seven years, Iraq could be supplying nearly half of the incremental growth in world oil

Research Paper on Potential Career Paths Essay Example | Topics and Well Written Essays - 3000 words

Research Paper on Potential Career Paths - Essay Example One of the most significant impacts the ICT has had is on the world of business. The adoption of ICT methodologies in business has seen the conversion of small enterprises to large multinational corporations in a matter of years. The economic crises of 2008 brought with it new challenges not only for businesses around the globe but also for the ICT industry (Lanvin, Dutta, & Bilbao-Osorio, 2013). In these crucial times businesses are looking to gain competitive edge over their rivals and obtain as much of the market share as possible. To achieve these objectives they heavily rely on innovative techniques that can only be provided by the ICT industries. These factors have contributed to the growth of the industry and have accelerated the progress of the industry to great speeds (Lanvin, Dutta, & Bilbao-Osorio, 2013). Issues of ICT sector: One of the main issues that have plagued the industry is the integrity of personal and corporate data. Data that is converted into digital format is usually vulnerable to a number of threats from different sources. Even with different security measures implemented there is no guarantee that the data would not be accessed by unauthorized personnel (Mathieu & Woodard, 1993). Another issue that the industry faces is its bad reputation regarding satisfaction of customer needs. In a number of cases customers complain that large corporations fail to meet their demands and provide an end product that is of no use to them (Norton, 2011). This usually gives the sector and those working in it somewhat a bad name. Moreover IT professionals tend to communicate with the customer in an arrogant manner portraying as if customers are of less intelligence because they are unaware of the basic fundamentals of IT sector. The customers may be oblivious to these fundamental facts but treating them in such a manner increases their ill feelings towards the IT professional they are dealing with. This adds to the deteriorating image of the industry as a whole (Norton, 2011). Since the invention of internet, mainframe and personal computers one trend has been seen increasing within the ICT industry every year and that is the complexity of software and hardware produced. The complex nature of products that are developed increases each year. This causes a huge dilemma for professionals working within the industry (Norton, 2011). These professionals must have thorough knowledge of all these products in order to be efficient at their jobs. However due to the increased complexities of these products companies need to hire entire teams and teamwork with one’s peers have become a lot more vital than it ever was(Norton, 2011). Description of SAP AG SAP AG is one of the leading software development companies. The foundation of the company was laid in 1972 and since then it has been providing businesses all around the world with IT solutions. One of its most popular software products is the SAP enterprise resource planning applicatio n systems and management (PR Carbon, 2013). The company has its headquarters in Walldorf, Germany however the company offers its services to a number of companies across the globe. The company has divided its operations with respect to four geographic regions it has created EMEA, America, LAC and APJ. EMEA (Europe, Middle East and Africa) as the name suggests, operates within the Middle Eastern and the African regions.

Intellectual Property paper Essay Example | Topics and Well Written Essays - 1750 words

Intellectual Property paper - Essay Example The main controversy of the current situation in realm of IPR can possibly be formulated as follows. On the one hand, IPR holders require that government should implement new laws ensuring absolute security of their intellectual property. This requirement seems logic and reasonable, especially if we take into consideration the growing number of intellectual property thefts that occur these days. Absence of effective legislation may lead to further growth of IPR infringements. Yet, on the other hand, in light of the recent developments in the realm of IPR protection, a number of experts express concern that requirements of IPR holders to fully protect their intellectual assets might potentially erode capabilities that have been previously permitted to the public by copyright law under the "fair use" doctrine or its cousins, such as 'first sale' or 'limited term' doctrine. This paper identifies the most controversial issues associated with intellectual property rights in contemporary environment and analyzes whether IPR are justified in the form they currently take. The traditional instrument, which regulates use of intellectual property, is intellectual property law. ... The statue protected British printers after the advent of the printing press, and also protected European book importers1. From legal perspective the IPR norms and regulations covering the digital environment are more complex and controversial than those applied for traditional media. As a result, many legal practices, which are highly effective for protection of the IPR in traditional environment, may not be applicable nowadays2. Despite recognition of the need to adjust traditional intellectual property laws in order to reflect the recent changes in this realm, the situation still leaves much to be desired, both domestically and internationally. As Boyle ironically noticed nearly ten years ago, ".modern international policy towards IPR much resembles previous 'freedom of the seas'3. Despite multiple declarations, the situation remains practically the same up to date. Notwithstanding efforts of the US and EU to unify national legislations, efforts of WTO, and in many cases outdated Acts regulate modern principles of digital data4. The issue of intellectual property in digital environment is covered by several Acts in the United Kingdom. UK legislation differentiates the IPR of physical materials (e.g. print data) and digital IPR. At the same time, British legislation does not cover as many aspects of digital IPR as, for example, American one. The old laws are still in use in many cases which hinders proper protection of IPR in digital domain5. According to British legislation, intellectual property rights are; "legal rights which result from intellectual activity in the industrial, scientific, literary and artistic fields"6. As well as American and pan-European

Oil price Essay Example | Topics and Well Written Essays - 1250 words

Oil price - Essay Example Since this rising prices is inevitable, the major countries will need to find alternative sources of energy to protect themselves from the impending doom of disaster. Oil is the ingredient that drives the planet; it is as essential as air and a key source for almost every product from construction material to transportation to clothing. But the hard fact is that the supply of oil is finite and eventually it will be depleted and demand will outstrip production capacity. Increasing demand along with diminishing supply has already begun to drive price upwards. As prices are rising, new supplies are emerging in an effort to reduce consumption. "The rate at which consumption levels are rising, it is predicted that the world's oil supply will be exhausted within the next 40 years". (Guinness Atkinson Funds, "Future of Energy"). As can be seen by the above graph, demand and supply both have been rising over the years, but the growth in supply has not been able to keep pace with the demand growth and hence an increase in prices. On the supply side, there are three factors that are responsible for the current situation. "Firstly, non-OPEC production capacity has been growing over the years. In recent years, the former Soviet Union supply has been growing annually at a rate of about 0.5 million barrels per day. However, this growth had mainly come from repairing tired infrastructure rather than new exploration and this sort of growth rate is and will be hard to sustain. In addition to that, West Africa, Canada and Brazil have seen another 0.5 million barrels per day annual growth in production capacity. But like the former Soviet Union, the future looks bleak regarding the maintenance of this growth. The output from the U.S. and North Sea is also shrinking. Secondly, the growth potential in OPEC production cap acity is becoming smaller. Currently, most of OPEC, with the exception of Saudi Arabia, is operating at near capacity. Thirdly, since 1998, OPEC has been quite effective in keeping supply and demand matched, in addition to keeping the world oil supply a little tight. It is this combination of strong demand, slow non-OPEC production growth and effective OPEC supply management that has been the major driver of recent increases in world oil prices. On the demand side, the surge in global economic activity has led to an explosion in demand for oil and hence the world is facing an oil demand growth shock"(Guinness Atkinson Funds, "Future of Energy"). The major demand is coming from the developed world particularly the US, China and other economies in Asia. "China is in a phase of rapid energy-intensive industrialization and will continue to be one of the key consumers of oil in the coming years"(Oil Market Report, International Energy Agency). Behavior of Oil prices: The Asian Financial Crisis hit the world in mid-1997 and had a devastating effect on the major economies of the world. Even in the face of this crisis,

Trust in the Press Essay Example for Free

Trust in the Press Essay Trust in the Press is essential in an ever changing society. Not only must the Press be trusted but it must be believed and must behave in an ethical manner. But what constitutes an ethical manner? Laws might be set to achieve certain outcomes and may not necessarily be ethical. What is legal and demanded by law may not be considered ethical from a journalistic point of view. With respect to your personal point of view of the above, discuss what you believe journalists have to do to maintain the trust and respect of the public. The historian Thomas Babington Macaulay introduced the notion of the media as the Fourth Estate; the role of a watchdog that checks on abuses of power by government and professionals.1 Lord Hutchinson, QC defence council for the ABC Case regarding the Official Secrets Act 1989, said it is the task of the press to examine, probe, question and find out if there are mistakes to embarrass the government.2 With such a role of responsibility, it is vital that the public trust what the press tell them. Codes and laws are in place to make sure journalists act as a collective conscience.3 In practice this is difficult as individual consciences come into play, along with the obstacles of time, money and competition that face journalists in their profession. One common rule among journalists is to never reveal your sources. If you do, your career will be tainted with mistrust. This journalistic ethical code secures a relationship with the public and provides protection. But there are laws that contravene this. Section 10 of the Contempt of Court Act 1981 says courts have the right to demand that journalists reveal their source if disclosure is necessary in the interests of justice or national security or for the prevention of disorder or crime. The Police and Criminal Evidence Act 1984 says police investigating a serious offence can obtain an order requiring the journalist to submit evidence considered useful to the court. It is difficult to defy the law, especially when the consequence could be imprisonment or a fine. However, I would still try to keep my sources confidential; otherwise they could face a fine or imprisonment. I would find that difficult to live with because I am just as responsible for protecting my sources and for imparting the information. In these circumstances I would argue for freedom of expression under the Human Rights Act 1998. Trainee journalist Bill Goodwin appealed successfully with this argument after he was fined for refusing to hand over documents concerning engineering company Terra Ltd. In another case the Guardian exposed their source Sarah Tisdall in 1984 under pressure from the courts. She leaked information about the delivery of cruise missiles to RAF Greenham Common and was jailed as a consequence.4 Where a source has taken the initiative and given a story to the press, especially in matters relating to national security, they must have recognised the risk and it is not unreasonable for them to take the consequences. There are legal reporting restrictions that a journalist can overturn. Section 39 and 49 of the Children and Young Persons Act 1933 can be lifted if a juvenile has committed a serious crime and naming them would act as a deterrent to others. Journalists often cite public interest in their reasons for disagreeing with the law and this is an ethical way to maintain the trust and respect of the public. Yet the problem lies in defining public interest. The Press Complaints Commission states that public interest includes: 1. Detecting or exposing crime or a serious misdemeanour 2. Protecting public health and safety 3. Preventing the public being misled by some statement or action of an individual or organisation5 Reporter Ryan Perry went undercover in 2003 as a footman at Buckingham Palace in order to observe their security methods. His report in the Daily Mirror highlighted the need for tightened security and this was achieved. His behaviour, although deceitful, was for the publics safety and I agree with German journalist Gà ¯Ã‚ ¿Ã‚ ½nter Wallraff who said, you have to disguise yourself in order to unmask your society.6 The BBC reiterates this in their guidelines for public interest: when dealing with serious illegal or anti-social behaviour it may occasionally be acceptable for us not to reveal the full purpose of the programme to a contributor.7 This is when the ethical behaviour of a journalist starts to depart from the ethical code of the public and indeed the law. I would find it difficult to lie in order to get a story but if it was for the publics benefit, I could do it. I do not think behaving this way, if it revealed vital information, could lose the respect or trust of the public. If the person I was exposing was a family member or boyfriend, I could not report on the story. I would not cover up their crime but similarly, I would not offer them up for public scrutiny. Ethical manner as a journalist is different to ethical manner as a daughter or girlfriend and in this case the personal is stronger than the professional. I do not think Perrys report on Buckingham Palace should have included photographs of private bedrooms and details on the storage of breakfast cereals. This does not come under the Press Complaints Commission code of public interest and I do not think it can be justified as ethical behaviour. Undercover work cannot be held up as ethical when the outcome is less important than the act and Perrys inclusion of these private details undermine the ethical reasons for reporting undercover. When it becomes a matter of what the public are interested in, rather than what they need to know, ethical manners begin to vary between journalists and other factors come into the equation. The media is to a certain extent controlled by the people who own the newspapers, radio stations and television companies. They pay the journalists salary and they ultimately make the decisions. A senior executive of News International said: If an editor went to Murdoch and said that he had carefully examined the PCC code of conduct on chequebook journalism and had come to the conclusion that to pay to get a story would be a breach of the code and, therefore, he hadnt done it, he would be fired.8 This shows that a journalists so-called ethical behaviour is not always their own. However the journalist can decide who they work for. If I was asked to pay for stories that revealed matters that I did not consider of public interest, then I would refuse and work for a different organisation. This is, of course easier said than done and when one organisation is willing to pay for a story, others follow suit to keep up with competition. The public are aware of this and join in the game. Neighbours of Shannon Matthews have begun to charge for their stories, and they know the media will pay. It is difficult not to succumb to this method of journalism when competition is so fierce but then motivation for talking to the press becomes about money rather than truth. The competition and pressure to get a good story causes some journalists to fabricate, especially in the television industry. Regulators Ofcom demonstrated the penalty of misleading the public when they fined ITV à ¯Ã‚ ¿Ã‚ ½5.675 million for phone vote scandals. Journalist Max Hastings said deceit is woven into the very nature of television. He described how some camera crews in war zones have encouraged soldiers to open fire so they can film dramatic footage that was missed when it actually happened.9 I understand the desire to produce a captivating documentary but asking soldiers to potentially put themselves and others in danger for dramatic effect, is not ethical behaviour. In television there is a fine line between deceiving the public and assuming they know about the editing tricks of the trade. Filming a sequence over a three-day period but presenting it as one day is not harmful deception but the reality of television production. The BBCs broadcast in 2007 of the Queen storming out of a portrait session was deceiving because editing gave a false representation of the actual events. Ofcom hold a similar view in regard to fairness. They say broadcasters should take reasonable care that material facts have not been presented, disregarded or omitted in a way that is unfair to an individual or organisation.10 When covering a story about parishioners protesting against their church being demolished, I was told by my editor to ask them to shout save our church for the camera. They did this and it brightened up the news package. It could be argued that this was unethical behaviour because it misled the public about the protest; as soon as I had gone, the shouting stopped. I did question my actions. However the desire to entertain the viewer, the opinion of my editor, the willingness of the protestors themselves and the low impact it would have on the public perception stopped me going against the decision. This is a minor case but it shows how potential deception in television is an ever-present reality. The need for impartiality is heavily stressed in journalism codes of conduct. Ofcom states that television and radio programmes must exclude all expressions of the views and opinions of the person providing the service on matters of political and industrial controversy and matters relating to current public policy (unless that person is speaking in a legislative forum or in a court of law).11 To be impartial as a journalist is not as simple as it seems; merely editing requires some personal judgement. As a reporter, it is not that easy to completely remove yourself from a story. Journalist Gill Swain said simply, dont get emotionally involved.12 Yet detach yourself too far and your reporting will get labelled as forensic.13 Sometimes the best journalism happens when you do engage emotionally and follow a story with passion. If Bob Woodward and Carl Bernstein had not done that, the revelation of Watergate and eventual resignation of US President Richard Nixon in 1974 would have never come about. Personal interest and involvement can be a helpful motive in investigative journalism. A few years ago I wrote about my college boat club in a university magazine. I was told various stories about club money that had gone missing. As a member of that boat club, I felt obliged to find out what had happened and inform university students. After publication the head of the boat club asked me to her office to explain myself. She was unable to deny any of the facts. If I had not had personal involvement in this story, the financial difficulties of the boat club would have not been revealed. Yet the actual writing of the story should be impartial and not convey the opinion of the journalist. The public should trust that you are giving them a fair and accurate report on a matter of importance to them. However, sometimes personal belief and gut instinct that go against codes and ethical manners can benefit the public. During the time Senator Joseph McCarthy made charges that the United States government had been infiltrated by Soviet spies, American journalists had to abide by the strict codes of reporting without analysis or comment. They knew McCarthys claims were false but the journalistic laws meant they were unable to investigate his statements and tell the public the truth. More recently, the Washington Post, New York Times and New Republic all apologised to their readers for not being sceptical when reporting White House claims that Iraq had weapons of mass destruction.14 Part of being a journalist is to face adversity and going against a law or code is sometimes the only way to tell the public the truth, but truth is what ultimately gains their trust and respect. Laws and codes are necessary to provide a benchmark for journalists to work from and maintain professionalism. Without them some journalists would lose sight of what fundamental principles they need to follow in order to behave responsibly. There are times when a journalists own instinct and ethical manner will maintain respect and trust of the public better than the codes. There are also instances when pressure, time and money prevent a journalist from maintaining those codes. Whatever the circumstances, the one rule that should be constant is that journalists are the eyes and ears of the public; their trust and respect should always take precedence. BIBLIOGRAPHY Frost, Chris. Media Ethics And Self-Regulation. Pearson Education Limited, 2000. Harcup, Tony. The Ethical Journalist. Sage Publications Ltd, 2007. Keeble, Richard. Ethics For Journalists. Routledge, 2001. Rosenstiel, Tom and Mitchell, Amy S., ed. Thinking Clearly: Cases in Journalistic Decision-Making. Columbia University Press, 2003. Welsh, Tom, Greenwood, Walter, Banks, David, eds. McNaes Essential Law For Journalists, 19th Edition. Oxford University Press, 2007. Wesbites: http://www.ofcom.org.uk 1 Richard Keeble, Ethics For Journalists (Routledge, 2001) 127. 2 Tom Welsh, Walter Greenwood, David Banks, eds. McNaes Essential Law For Journalists, 19th Edition (Oxford University Press, 2007) 415. 3 Keeble 131. 4 Keeble 29. 5 Tony Harcup, The Ethical Journalist (Sage Publications Ltd, 2007) 36. 6 Harcup 41. 7 Harcup 45. 8 Harcup 112. 9 Harcup 12 10 http://www.ofcom.org.uk/tv/ifi/codes/bcode/fairness/ 11 http://www.ofcom.org.uk/tv/ifi/codes/bcode/undue/ 12 Keeble 130. 13 Keeble 140. 14 Harcup 17.

Commercial Contracts in International Oil and Gas Industry

Commercial Contracts in International Oil and Gas Industry This paper aims to address the issues associated with long term petroleum contracts concluded between the state and international oil companies in terms of the political risks investors tend to face in such contracts as well as the risk of change of circumstances brought about not by the act of the parties but rather by the time. In doing so, the efficiency of both stabilization and renegotiation clauses, as means of mitigating these mentioned risks, are critically examined. It argues that stabilization clauses are highly problematic with regard to their validity and effect as they would normally conflict with the very well established principle of international law of state sovereignty, also these clauses are limited only to the change of regulatory framework and does not take into consideration the effect of change of other circumstances which may have a considerable impact on the parties obligations. Whereas, renegotiation clauses can be useful to reduce the impact of changes not only the legal framework of the host state but also other circumstances which are beyond the control of the parties should proper and clear mechanisms and criteria for implementing these clauses be provided for within the clause. It is widely recognized that regulatory stability of any given state is an essential element of promoting and encouraging investment in general and to attract and secure the confidence of potential foreign investors in particular.[1] This is certainly the case for energy projects where investors are vulnerable to wide variety of risks throughout the projects life, given the long duration and the capital intensive characters of these projects. In addition, the vurnablity of petroleum contracts to the change of circumstances, which may be beyond their control such as price fluctuation in the international energy market, can make the contractual arrangement that was once profitable becoming highly undesirable a few years later.[2] Not to mention the very fact that one of the parties of these contracts is state or its agency may well raise the investors concerns that the contractual arrangements once have been secured at the time of negotiating can be disregarded by unilateral states act later. Therefore, it has been the tendency of oil and gas investors to seek protection against these risks by providing for legal mechanism in the contract in order to mitigate their impact throughout the project period. These legal mechanisms tend to be in the form of stability guarantees offered by the state, either stabilization clauses or renegotiation clauses, as well as providing for arbitration to be the manner of dispute resolution. However, while the latter has become a stable and widely recognized clause aiming to ensure the netiaulty and fairness of resolving disputes arising between the states and IOCs, the former has generated much concern over their legal validity and effect, simply because of the fact that the main objective of these clauses is to fetter the states right to legislate and regulate for reasonably long period of time. It is the aim of the second chapter to critically analyze the different views given to stabilization clauses in scholars writing and the relevant arbitration awards in terms of their legal validity under both national and international law and the extent to which these clauses can prevent the state from exercising its sovereign power within its territory. Arguing that the sharp divide among scholars and arbitrators in this regard proves the insufficient and uncertain nature of these clauses, which in turns makes the capability of these clauses to provide absolute protection to oil and gas investor questionable. Chapter three goes on to further affirm the conclusion reached in the second chapter through using the example of the Russian petroleum experiment, where the existence of stabilization clauses led to decreasing cooperation between the state and the industry and resulted in disrupting the parties relationship as the petroleum activities went on, given the fact that the Russian Petroleum Law concerned only encouraging the exploration activities while lifting many essential aspects unregulated with the view that if the oil was to be found, new legislation would be enacted. It is from this chapter where this paper comes to the conclusion that not only does stabilization clauses conflict with the principle of state sovereignty and may well be held invalid as a result, but also these clauses have appeared to be inconsistent with the parties needs to flexible mechanism in order to mitigate the risk of changes of circumstances brought about by time rather than parties acts. Finally, chapter four aims to advocate the recent trend of inserting renegotiation clauses into oil and gas contracts as the proper manner to mitigate not only the political risk of state behavior but also other commercial risks associated with petroleum projects, which in the latter case even the host state can enjoy the protection offered by this device. On the other hand, this chapter also recognizes the fact that renegotiation clause may be too flexible, and thus run the risk of the contract being open-ending. Therefore, this chapter argues that the success of this clause depends, to very large extent, on the specific drafting agreed by the parties and whether a clear mechanism and guidance have been provided to address potential disputes. Thus, this paper argues that the states right to legislate and to regulate should not be subject to negotiation, nor to be used as an incentive for the purpose of attracting investment as such commitment is difficult to be fulfilled in the long term. Furthermore, stabilization clauses have proved to be inefficient and difficult to predict as well as inconsistent with the parties needs in such a long term contract. Whereas, renegotiation clauses can achieve the parties aims and objectives of sustaining the agreed contractual arrangements and encouraging cooperation needed in long term contracts through flexible legal mechanisms. 2. BIBLIOGRAPHY 1. Primary Sources 1.1 Judicial decisions PreussenElektra case (PreussenElektra AG vs Schleswag AG) ECJ C-379/98, European Court reports 2001, I-02099 Stardust Marine case (French Republic v Commission of the European Communities) ECJ C-482/99, European Court reports 2002, I-04397 1.2 European Union secondary legislation Regulation (EC) No 1228/2003 of the European Parliament and of the Council of 26 June 2003 on conditions for access to the network for cross-border exchanges in electricity, OJ L176/37, 15.07.2003 2. Secondary Sources 2.1 Books Cameron P. D., Legal Aspects of EU Energy Markets, (Oxford: Oxford University Press, 2005). Helm D., Energy, the State, and the Market: British Energy Policy since 1979 (Oxford: Oxford University Press, 2003). Hunt S., Making Competition Work in Electricity (New York: John Wiley Sons, Inc. 2002). 2.2 Articles Meier, G.M., Impact of the power-market liberalization on the operation of CHP-plants securing the competitiveness on the district heat market, 29(4) Euroheat and Power/Fernwarme International (2000). Klinge Jacobsen, H., Fristrup, P. and Munksgaard, J., Integrated energy markets and varying degrees of liberalisation: Price links, bundled sales and CHP production exemplified by Northern European experiences, 34(18) Energy Policy 3527-3537 (2006). 2.3 Other 2.3.1 Internet sources European Association for the Promotion of Cogeneration (GOGEN Europe), Financial and Regulatory Support for Cogeneration in EU (2007) http://www.cogeneurope.eu/publications/reports_and_studies.htm (last visited on 31 November 2008) Lowe, Ph., Applying EU Competition Law to the new liberalized energy markets, (13 May 2003) http://europa.eu.int/comm/competition/speeches/text/sp2003_012_en.pdf (last visited on 1 December 2008) [1] L. Cotula, â€Å"Reconciling Regulatory Stability and Evolution of Environmental Standards in Investment Contracts: Towards a Rethink of Stabilization Clauses†, Journal of World Energy Law and Business, vol. 1 (2008), p164 [2] P. Thomas, â€Å"Evaluating Stabilisation Clause in Venezuelas Strategic Association Agreement for Heavy-Crude Extraction in the Orinoco Belt: The Return of a Forgotten Contractual Risk Reduction Mechanism for the Petroleum Industry† p.1