Contracts Arbitration

  • SAO PAULO, Sept 5- Société Mondiale, a minority shareholder in Brazil's largest fixed-line carrier OI SA, said on Monday an arbitration ruling obliges the company to hold a shareholders' meeting on Sept. 8 as demanded by the activist investor. The ruling was issued on Sept. 5 by the arbitration chamber of the Brazilian stock market operator BM&F Bovespa SA,...

  • Tensions over the disputed waters between China and its neighbors were expected to hang over the G20 summit, which opens in the eastern Chinese city of Hangzhou on Sunday. An arbitration court in The Hague ruled in July that China had no historic title over the waters of the South China Sea and had infringed on the rights of the Philippines, which brought the case...

  • NEW YORK, Aug 26- A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive Travis Kalanick to put a price-fixing lawsuit against them on hold, while they appeal his denial of their bid to compel arbitration. The decision was issued by U.S. District Judge Jed Rakoff in Manhattan.

  • WASHINGTON, Aug 16- A U.S. agency's plans to ban forced arbitration clauses from financial contracts faces a tough road, with early reaction pointing to a years-long battle that could take a Supreme Court test to settle. "If you see a final rule that is substantially similar or identical to the proposed rule there is a very high likelihood that there will be an...

  • SANTIAGO, Aug 12- Swiss-based mining and trading firm Glencore said it would begin arbitration proceedings against Bolivia over the nationalization of some of its assets by the Evo Morales government. "Glencore's objective has always been to settle the dispute with the government of Bolivia amicably," the company said in an emailed statement on Friday.

  • NEW YORK, Aug 2- A U.S. appeals court on Tuesday upheld a decision confirming a $465 million judgment won through arbitration by a unit of KBR Inc in a contract dispute with Mexico's national oil company, Pemex. The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming a $300 million arbitration award for KBR's COMMISA unit in Mexico even...

  • NEW YORK, Aug 2- A U.S. appeals court on Tuesday upheld a decision confirming a $406 million arbitration award won by a unit of KBR Inc in a contract dispute with Mexico's national oil company, Pemex. The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming an award of $300 million even though a Mexican court had nullified it, and upheld a lower...

  • July 28- India's Tata Sons Ltd said it expected to deposit $1.17 billion with the Delhi High Court on Friday, the money it was ordered to pay Japan's NTT DoCoMo Inc by an international arbitration court last month. India's central bank, however, rejected Tata's offer, saying a rule change in the previous year prevented foreign investors from selling stakes in...

  • SAN FRANCISCO, July 29- A federal judge on Friday denied a motion by Uber Technologies Inc to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief executive. Spencer Meyer, a Connecticut passenger and the lead plaintiff who filed the lawsuit, was subject to a user agreement requiring that...

  • SAN FRANCISCO, July 29- A federal judge on Friday denied a motion by Uber Technologies Inc to compel arbitration in a passenger lawsuit over so-called surge pricing brought against the ride-hailing company's chief executive. Spencer Meyer, the Connecticut passenger who filed the lawsuit, was subject to a user agreement requiring that disputes with San...

  • July 28- India's Tata Sons Ltd said it expected to deposit $1.2 billion with the Delhi High Court on Friday, the money it was ordered to pay Japan's NTT DoCoMo Inc by an international arbitration court last month. India's central bank, however, rejected Tata's offer, saying a rule change in the previous year prevented foreign investors from selling stakes in...

  • BRUSSELS, July 26- The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier's wish to fly to the United States from Ireland, two sources said. Norwegian's Irish subsidiary, Norwegian Air International, applied for permission to operate flights to the United...

  • BRUSSELS, July 26- The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier's wish to fly to the United States from Ireland, two sources said. Norwegian's Irish subsidiary applied for permission to operate flights to the United States more than two years ago, but...

  • SHANGHAI, July 13- Chinese stocks edged up on Wednesday, with investors shrugging off the impact of an international tribunal's ruling that denied China's claims in the South China Sea. The Permanent Court of Arbitration in the Hague ruled in favour of the Philippines in a longstanding case, saying China had breached the Philippines' sovereign rights by...

  • Traders said the market was little fazed by fears of a spike in regional political tensions after an international arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea. The People's Bank of China set the midpoint rate at 6.6891 per dollar prior to the market open, 0.09 percent firmer than the previous fix of...

  • WASHINGTON, July 12- The United States "simply cannot afford to neglect or avoid" the South China sea issue, the deputy national security advisor said on Tuesday, after an arbitration court's ruling that China has no historical title over the waters.

  • SINGAPORE, July 12- Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found China had breached the sovereign rights of the Philippines and...

  • July 8- Lawyers for Fox News chairman Roger Ailes on Friday asked a judge to halt anchor Gretchen Carlson's "shameless publicity campaign" against her former boss, and send her sexual harassment lawsuit against him to arbitration in accordance with her employment contract. The request came two days after Carlson sued Ailes in Superior Court in New Jersey,...

  • July 8- Lawyers for Fox News chairman Roger Ailes on Friday asked a judge to halt anchor Gretchen Carlson's "shameless publicity campaign" against her former boss, and send her sexual harassment lawsuit against him to arbitration in accordance with her employment contract. The request came two days after Carlson sued Ailes in the Superior Court in New Jersey,...

  • CARACAS, July 6- Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations. The companies said they were filing under a bilateral investment treaty between Spain and Venezuela signed...