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Contracts Arbitration

  • 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...

  • General Motors said Thursday that it will stop doing business in Venezuela after authorities took control of its only factory there. Last month, a World Bank arbitration panel determined that Venezuela would not have to pay $1.4 billion to Irving, Texas- based Exxon Mobil for confiscating company assets during a wave of nationalizations.

  • 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...

  • PARIS— The International Chamber of Commerce held an arbitration hearing Monday over a Russian magnate's claims for $12 billion from Russia, part of a long-running battle with President Vladimir Putin's government. Russia accuses Sergei Pugachev of embezzlement, while he alleges the Russian state unlawfully took over his shipyards and other assets.

  • 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...

  • TORONTO, April 12- Canada's main stock index slipped in morning trade 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.. BlackBerry surged 17.2 percent to C $12.04, its highest level since January 2016, after...

  • WATERLOO, Ontario— BlackBerry Ltd. says it has been awarded $814.9 million in a binding interim arbitration decision in a dispute with Qualcomm Inc. over royalty overpayments. The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a...

  • TORONTO, April 12- Canada's main stock index opened slightly lower on Wednesday, while BlackBerry Ltd shares received a sharp boost after an arbitration panel ruled that chipmaker Qualcomm Inc must refund it $814.9 million in royalty payments.

  • Fox News Channel Host Gretchen Carlson.

    Gretchen Carlson stressed the drawbacks of secret forced arbitration clauses in employee contracts now.

  • LONDON, April 3- U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend licence deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets. Cobalt said its efforts to find a buyer for its 40 percent stakes in Blocks 20 and 21 offshore Angola were "negatively impacted by the...

  • SAN SALVADOR, March 29- El Salvador's Congress on Wednesday approved a law prohibiting all metal mining projects in a bid to protect the poor Central American country's environment and natural resources. In October, El Salvador won an arbitration at the World Bank's International Centre for Settlement of Investment Disputes against the...

  • SAN FRANCISCO, March 29- Alphabet Inc's Waymo self-driving unit sought to arbitrate claims last year against a former employee at the center of its lawsuit against Uber, court records released on Wednesday showed, in what Uber said strengthened its bid to get the case out of court and into arbitration. Waymo's lawsuit, filed last month, set in motion what could be a...

  • NEW YORK, March 29- You know a case is momentous when a seemingly routine proposed briefing schedule turns into a hot dispute. On Monday, Ubers lawyers at Morrison& Foerster and Boies Schiller& Flexner filed a motion to compel arbitration of Waymos trade secrets and California unfair competition claims. According to Uber, the crux of Waymos case, filed in federal...

  • LONDON, March 24- The head of a group helping organise Shell's clean-up efforts in an oil Delta community in Nigeria said on Friday he was hopeful clean-up work after two spills in 2008 could start in April. After months of wrangling, the parties have reached agreement and clean-up work is set to start in April, said the chairman of the Bodo Mediation Initiative, a...

  • TRANSCANADA CORP LEGAL CHALLENGE AGAINST UNITED STATES OVER PAST KEYSTONE XL PIPELINE REJECTION DROPPED- ARBITRATION COURT.

  • TORONTO, March 21- Canada's main stock index barely rose on Tuesday as some heavyweight banking stocks and miners notched gains and Ivanhoe Mines Ltd jumped after announcing a copper deposit discovery. The world's largest gold producer said a World Bank arbitration tribunal had ruled in favor of it and joint venture partner Antofagasta plc over a copper...

  • Wang went to Davao City, where Duterte was mayor for 22 years before he became president in 2016 and sought a dramatic change in approach towards China at the height of a row over South China Sea sovereignty and amid the fallout of a bitter legal dispute that went to international arbitration. The vice premier signed a six-year development programme to work...

  • Wang went to Davao City, where Duterte was mayor for 22 years before he became president in 2016 and sought a dramatic change in approach towards China at the height of a row over South China Sea sovereignty and amid the fallout of a bitter legal dispute that went to international arbitration. The vice premier signed a six-year development program to work...