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Contracts Arbitration

  • MANILA, May 19- Philippine President Rodrigo Duterte said on Friday Chinese counterpart China Xi Jinping had warned him there would be war if Manila tried to enforce an arbitration ruling and drill for oil in a disputed part of the South China Sea. In remarks that could infuriate China, Duterte hit back at domestic critics who said he has gone soft on Beijing by...

  • SAN JUAN, May 17- Puerto Rico's main creditors, meeting before a U.S. bankruptcy judge in the largest public finance restructuring case in history, are interested in continuing mediation settlement talks to resolve the island's unpayable $70 billion debt bill. In the first hearing since the U.S. commonwealth filed for bankruptcy on May 3, a lawyer for Puerto...

  • SAN JUAN, May 17- Puerto Rico's main creditors, meeting before a U.S. bankruptcy judge in the largest public finance restructuring case in history, are interested in continuing mediation settlement talks to resolve the island's unpayable $70 billion debt bill. A lawyer for Puerto Rico's federal financial oversight board told U.S. district court judge Laura...

  • The hard drive assembly line at Western Digital.

    Western Digital has sought international arbitration to stop partner Toshiba from selling its chips arm without its consent.

  • TOKYO— Western Digital is seeking arbitration in a dispute with its joint venture partner Toshiba Corp. over the sale of the Japanese electronics giant's computer-chip business. Toshiba wants to sell the lucrative chips unit to shore up its finances, but Western Digital is demanding Toshiba first obtain its consent. Western Digital said in a statement that...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. A legal battle could delay or put an end to the auction that could fetch some $18 billion and has attracted suitors such as...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in...

  • TOKYO, May 15- Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate. California- based Western Digital is a long-standing joint venture partner and runs Toshiba's main semiconductor plant...

  • NEW YORK, May 12- Ubers legal strategy to ward off a trade secrets suit by Waymo backfired spectacularly on Thursday night. District Judge William Alsup of San Francisco denied Ubers motion to send the Alphabet subsidiarys case to arbitration. And whats more, Judge Alsup's 10- page decision to keep the Waymo suit out of arbitration contains hints that the judge...

  • LONDON, May 12- U.S. oil firm Cobalt said it had filed requests for arbitration seeking more than $2 billion from Angola's state-run Sonangol after the two failed to reach an agreement on license deadline extensions on two deepwater blocks, company filings showed this week. It filed a separate request for arbitration against Sonangol seeking more than $174...

  • LONDON, May 12- U.S. oil firm Cobalt said it had filed requests for arbitration seeking more than $2 billion from Angola's state-run Sonangol after the two failed to reach an agreement on licence deadline extensions on two deepwater blocks, company filings showed this week. It filed a separate request for arbitration against Sonangol seeking more than $174...

  • Net income available to the company's shareholders rose to $888 million, or 72 cents per share, in the first quarter ended March 31 from $169 million, or 15 cents per share, a year earlier. Excluding a $386 million arbitration-related charge in the latest quarter, operating profit was $1.04 per share, topping the analysts' average estimate of 99 cents per share,...

  • TORONTO, April 25- Freeport-McMoRan Inc missed earnings expectations, cut its outlook and warned on Tuesday it would be difficult to secure a long-term Indonesian mining permit, but investors sent its stock soaring on relief over a temporary export resumption. New rules in Indonesia require miners to divest a 51 percent stake, relinquish arbitration rights...

  • Freeport, which resumed copper concentrate exports from Indonesia on Friday after securing a six-month permit, said it will immediately begin negotiations with Jakarta on a long-term license for Grasberg, the world's second-biggest copper mine. New rules in Indonesia require miners to divest a 51 percent stake in their operations, relinquish arbitration...

  • ZURICH, April 25- A Dutch appeals court ruled on Tuesday that Swatch Group deserved compensation in a $400 million row with U.S. luxury goods maker Tiffany over a failed watch venture. An arbitration panel in the Netherlands had ordered Tiffany in December 2013 to pay Swatch 402 million Swiss francs in damages over the aborted project to produce and market...

  • NEW YORK, April 21- A war of words rather than talk of reconciliation is the latest indication that Puerto Rico and its creditors are getting nowhere fast in their negotiations to restructuring the island's $70 billion in debt before mediation is due to end on Friday. A group of general obligation debtholders accused the government on Wednesday of breaking...

  • April 19- Qualcomm Inc, the largest maker of chips used in smartphones, reported 9.6 percent fall in quarterly revenue, hurt by an arbitration decision to pay Canada's BlackBerry Ltd for previously received royalties. Net income attributable to the company fell to $749 million, or 50 cents per share, in the second quarter ended March 31, from $1.16 billion, or 78...

  • TORONTO, April 12- Canada's main stock index fell on Wednesday, as losses for its heavyweight financial and natural resource sectors offset a sharp boost in BlackBerry Ltd shares after it won an arbitration ruling against chipmaker Qualcomm Inc.. Major oil sands player Canadian Natural Resources Ltd fell 1.2 percent at C $44.72. "Earnings season is coming up...

  • John Chen, CEO, Blackberry

    The $815 million award is about 20 percent of BlackBerry's U.S. market capitalization.

  • *Toronto, U.S.-listed shares of BlackBerry up about 17 pct. April 12- Chipmaker Qualcomm Inc said on Wednesday it was asked to refund Canada's BlackBerry Ltd $814.9 million in an arbitration over royalties for certain past sales. U.S.-listed shares of BlackBerry were up 17.8 percent at $9.07 in heavy trading, while they were also up 17 percent at C $12.03 in...