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Contracts Arbitration

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  • MOSCOW, July 24- Russian gas company Gazprom said on Friday it had lodged a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. The move came two weeks after Turkmenistan accused Gazprom of not paying for gas supplied from the Central Asian country this year. Gazprom, the world's top...

  • RIO DE JANEIRO, July 6- Brazil's state-run Petrobras must pay the government about 350 million reais more in royalties each quarter for oil produced in seven offshore fields under an arbitration ruling, the company said on Monday. The fields, 100 percent owned by Petroleo Brasileiro SA, as Petrobras is formally known, include three of Brazil's 20...

  • *Union says Lufthansa won't discuss all outstanding issues. FRANKFURT/ BERLIN, July 6- Talks between Lufthansa and pilots' union Vereinigung Cockpit about taking a pay dispute to mediation have failed, raising the prospect of strikes at the height of the summer travel season, the union said on Monday. Lufthansa and its pilots have been trying to agree a mediation...

  • An international arbitration court ruled last July that Russia must pay $50 billion for expropriating the assets of Yukos, which was once Russia's biggest oil producer and was run by Mikhail Khodorkovsky, a businessman who used to be Russia's richest man but fell out with the Kremlin. The GML group of former shareholders who made the claim said then it would be...

  • HELSINKI, June 16- Nokia said on Tuesday that South Korea's LG Electronics has agreed a deal to use the Finnish company's smartphone patent license but royalty payments will be settled in a lengthy arbitration process. Nokia sold its once-dominant phone business to Microsoft last year, leaving it focused on its telecoms network equipment business while...

  • SAN FRANCISCO, June 10- Uber lost a bid to force arbitration in a lawsuit brought by its drivers, as a U.S. judge ruled the smartphone-based taxi service's 2013 and 2014 employment contracts dealing with arbitration from were "unconscionable, and therefore unenforceable." District Judge Edward Chen in San Francisco on Tuesday, allows the lawsuits over driver...

  • VIRGIN AMERICA PILOTS VOTE FOR JOINING AIR LINE PILOTS. June 4- Virgin America Inc pilots voted in favor of representation by the Air Line Pilots Association, International, a U.S. government agency said. As much as 75.3 percent of eligible pilots voted for joining the world's largest pilot union, said National Mediation Board, an independent government agency...

  • UPDATE 1-EU lawmakers back arbitration in U.S. trade deal Thursday, 28 May 2015 | 12:08 PM ET

    BRUSSELS, May 28- European lawmakers on Thursday backed including investor arbitration in a trade deal with the United States, one of the biggest obstacles to a transatlantic accord, but a decision that activists called a capitulation to business. A trade agreement between the United States and the European Union would be the world's largest, but Washington...

  • EU lawmakers back arbitration in U.S. trade deal Thursday, 28 May 2015 | 8:52 AM ET

    BRUSSELS, May 28- European lawmakers supported on Thursday including investor arbitration in a free-trade deal with the United States, a breakthrough on one of the biggest obstacles to a transatlantic accord. A trade agreement between the United States and the European Union would be the world's largest, but Washington says any deal must include ways for...

  • May 19- UBS AG must buy back an investor's Puerto Rico bond fund portfolio for $1 million, securities arbitrators ruled on Tuesday in a rare, lengthy rebuke of the firm's sales practices on the Caribbean island. A Financial Industry Regulatory Authority arbitration panel in San Juan found two UBS units liable to the investor, Juan Burgos Rosado, whose losses in...

  • May 11- Goldman Sachs Inc has been ordered to pay $80 million, plus interest, to the National Australia Bank for breaches associated with the sale of mortgage-linked securities, according to a court filing. The May 7 decision, that came from an arbitration panel under the Financial Industry Regulatory Authority, granted NAB's request for compensation and also...

  • April 27- The widow of the Home Shopping Network's co-founder is seeking more than $170 million from Morgan Stanley in a case alleging, among other things, that the firm made excessive securities trades to boost commissions, according to a disclosure. An arbitration hearing in the case between Morgan Stanley and Lynnda Speer, personal representative for the...

  • TORONTO, April 23- Khan Resources Inc Chairman Jim Doak, a prominent figure in the Toronto financial industry, was found dead in a hotel room in Mongolia, the Globe and Mail reported on Thursday. Khan Resources took Mongolia to international arbitration four years ago after the government canceled its licenses over the Dornod uranium project in 2009, handing...

  • *Ghana hoped arbitration would reassure investors. *Ghana and Ivory Coast are economic rivals. DAKAR/ ACCRA, April 22- Ghana's decision to seek arbitration in a dispute with Ivory Coast over an oil-rich basin in the Atlantic could prove costly for the country and a consortium led by Tullow if a court halts development there.

  • *Major court decisions expected this year- Gold Reserve. CARACAS, April 16-- Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances. With higher-profile cases including...

  • Family Endowment Partners LP and its head, Lee Weiss, steered the couple, James and Jane Sutow, to a $9 million investment in Biosyntec Polska, according to an American Arbitration Association ruling on Tuesday. The firm, which also has offices in Pennsylvania and Maryland, manages $335 million in assets, according to a regulatory filing. The Sutows lost a total of...

  • *Judge orders Wanxiang to cease court case in Shanghai. LONDON, March 26- Trading house Trafigura and China's Wanxiang Resources are expected to agree to arbitration in Hong Kong for a dispute linked to alleged metals financing fraud after sparring over jurisdiction, lawyers for the firms said. Justice Blair at England's High Court encouraged the two sides to...

  • WASHINGTON, March 23- The U.S. Supreme Court on Monday agreed to hear an appeal filed by DirecTV Inc concerning the satellite television provider's efforts to enforce arbitration agreements its customers in California have signed. The litigation dates back to 2008 when Amy Imburgia and Kathy Grenier filed class action lawsuits saying that DirecTV had...

  • EU seeks solution to keep arbitration in U.S. trade deal Wednesday, 18 Mar 2015 | 12:14 PM ET

    BRUSSELS, March 18- The EU's trade chief sought on Wednesday to overcome one of the biggest disputes blocking an accord with the United States, offering to radically change the way companies would resolve conflicts in transatlantic business. Cecilia Malmstrom, the European Union's trade commissioner, said arbitration must be part of any EU-U.S. free-trade...

  • MOSCOW, March 18- Russian Energy Minister Alexander Novak plans to discuss energy cooperation with the CEO of U.S. oil and gas major ExxonMobil, Rex Tillerson, at their meeting later on Wednesday. Kommersant quoted a source as saying that ExxonMobil had threatened to lodge a claim with the Stockholm arbitration court unless Russia cut its taxes for the project...