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Contracts Arbitration

  • PARIS, Dec 19- French judges found IMF chief Christine Lagarde guilty of negligence on Monday for failing to challenge a state arbitration payout to a business tycoon in 2008 when she was French finance minister, but it did not punish her. In their ruling, the judges did not see negligence in Lagarde's decision to seek an out-of-court settlement with businessman...

  • PARIS, Dec 19- French judges on Monday found IMF chief Christine Lagarde guilty of negligence for failing to challenge a 400 million euro state arbitration payout to a business tycoon in 2008 when she was French finance minister. Despite the ruling the judges did not hand down any sentence in the case on her decision to allow the rare out-of-court arbitration...

  • *Companies say Burkina Faso blocked development of manganese mine. DAKAR, Dec 5- Three companies belonging to Romanian-Australian businessman Frank Timis's Pan African Minerals Group are seeking $385 million from Burkina Faso via mediation, accusing it of blocking development of one of the world's biggest manganese mines. According to an arbitration...

  • NEW YORK, Nov 28- Massachusetts Democratic Senator Elizabeth Warren on Monday criticized Wells Fargo& Co's decision to require customers affected by its unauthorized accounts scandal to go through arbitration rather than allowing them to sue. The San Francisco- based bank last week asked a U.S. court to uphold contract clauses that mandate arbitration,...

  • NEW YORK, Nov 28- Massachusetts Democratic Senator Elizabeth Warren on Monday criticized Wells Fargo& Co's decision to require customers affected by its unauthorized accounts scandal to go through arbitration rather than allowing them to sue. Warren also used her Facebook post to advocate for a rule proposed by the Consumer Financial Protection Bureau...

  • *Lufthansa makes offer to end strike by pilots. BERLIN, Nov 25- German airline Lufthansa said it had made a new offer to try to break the deadlock in a long-running pay dispute with its pilots who have been on strike since Wednesday. It said it could enter mediation talks with the union on Nov. 29.

  • KINSHASA, Oct 19- Democratic Republic of Congo state miner Gecamines has challenged Freeport McMoRan Inc's sale of its majority stake in the country's Tenke copper mine at the International Court of Arbitration in Paris, Gecamines said on Wednesday. Gecamines Secretary-general Deogratias Ngele told Reuters that Gecamines had asserted a right of first...

  • TORONTO/ MELBOURNE, Oct 14- OceanaGold Corp has lost a claim seeking some $284 million in compensation from El Salvador for failing to issue permits allowing it to dig a gold mine in the Central American country, according to an arbitration decision announced on Friday. The World Bank's International Centre for Settlement of Investment Disputes found in favor...

  • SUPREME COURT DECLINES TO HEAR TOBACCO COMPANIES' APPEAL IN ARBITRATION DISPUTE WITH STATES OVER MONEY FROM 1998 SETTLEMENT.

  • MANILA, Oct 11- About 250 Philippine business executives will visit Beijing with President Rodrigo Duterte next week as he puts aside years of hostility to seek a new partnership with China at a time when tensions between Manila and its traditional ally, the United States, are mounting. An arbitration court ruling in the Hague on July 12 that said China had...

  • A longshoreman walks on bags of rice in a cargo ship at the Port of West Sacramento in California

    Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers.

  • Seth Lipner, a lawyer who represents investors in cases against brokers, at Deutsch & Lipner in Garden City, N.Y.

    As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.