Contracts Arbitration

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  • WASHINGTON, May 5- New rules proposed on Thursday by a U.S. consumer watchdog would block credit card companies, banks and other firms from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau said financial firms should be barred from using fine print in...

  • WASHINGTON, May 5- A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau proposed barring financial firms from including fine print in...

  • WASHINGTON, May 5- A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and only settle disputes through arbitration. The Consumer Financial Protection Bureau proposed barring financial firms from including fine print in...

  • AMSTERDAM, April 26- Philips said on Tuesday an arbitration court had ordered Japan's Funai Electric to pay it 135 million euros over the 2013 collapse of a deal for the Japanese firm to buy a business from the Dutch company. Philips claimed breach of contract when Funai didn't follow through on its purchase of Philips' audio and video businesses, including the...

  • AMSTERDAM, April 20- In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague- based Permanent Court of Arbitration had no jurisdiction. In July 2014, the Permanent Court of Arbitration in The Hague ruled that the four plaintiffs- not including...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks. The networks will remain available to Dish customers during the arbitration as well as a 10- day "cooling off period" during which the parties can...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks.

  • March 16- NBCUniversal said it would participate in any arbitration Dish Network Corp could potentially file as the satellite TV company pursues its plan to stop NBC from blacking out channels such as CNBC and USA. "Should Dish proceed with arbitration we will of course participate in the process, and look forward to receiving the fair market value for our...

  • March 15- Dish Network Corp said it is suing Comcast Corp's NBCUniversal for breach of contract and expects to file for arbitration to block NBC from blacking out its channels such as CNBC and Bravo. NBC and Dish are locking horns over the monthly price per subscriber the satellite operator would pay to carry NBC's channels. NBC had launched a website,...

  • ULAANBAATAR, March 7- Mongolia has settled a dispute over an arbitration award that required it to pay more than $100 million last year to a Canadian miner for revoking a uranium mining license, just as it launches a push this week to attract new exploration interest. Mongolian Finance Minister Bolor Bayarbaatbar said in a statement released by Khan late on...

  • CARACAS, Feb 24- Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding on Wednesday to settle a protracted arbitration dispute through creation of a joint venture in the South American country. Venezuela will seek to use the mining property as collateral to obtain financing, the company said. The government said the company...

  • CARACAS, Feb 24- A solution was reached in Venezuela's arbitration dispute with Gold Reserve Inc., with the Canadian company providing a $2 billion loan and a $2 billion investment as part of a mining joint venture, according to President Nicolas Maduro.

  • Feb 22- Goldman Sachs Group Inc has scaled back its estimate of the legal costs it may face, beyond what it has set aside, by more than half to $2 billion. The Wall Street bank, which ranked No. 1 in advising on both announced and completed mergers and acquisitions globally in 2015, is involved in a number of judicial, regulatory and arbitration proceedings.

  • Feb 22- Goldman Sachs Group Inc cut the upper end of its estimate of legal costs it may face beyond what it has set aside by more than half to $2 billion. The Wall Street bank, which ranked No. 1 in advising on both announced and completed mergers and acquisitions globally in 2015, is involved in a number of judicial, regulatory and arbitration proceedings.

  • Feb 22- Goldman Sachs Group Inc cut the upper end of its estimate of legal losses it may face beyond what it has set aside by more than half to $2 billion. The bank had estimated in November legal expenses of up to $5.3 billion above what it had already set aside. The Wall Street bank is involved in a number of judicial, regulatory and arbitration proceedings.

  • MUMBAI, Feb 16- India's tax office has sent Vodafone Group a reminder to pay $2 billion in taxes and threatened the British telecoms group with seizure of local assets if it fails to do so, despite the long-running dispute being the subject of an international arbitration process. Vodafone, one of India's largest corporate investors, has repeatedly clashed with...

  • THE HAGUE, Feb 9- Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos. Most of Yukos' assets were acquired by Russia's state-owned oil producer Rosneft after Yukos was declared bankrupt and its founder Mikhail...

  • NEW YORK/ CHICAGO, Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case, potentially changing the course of the litigious, drawn-out bankruptcy proceedings. Angry creditors have accused Caesars of looting the operating unit before its bankruptcy to benefit private equity owners Apollo...

  • Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case in a U.S. bankruptcy court, potentially changing the course of the drawn-out proceedings. According to a copy of the motion filed in the Northern District of Illinois court, Caesars Entertainment Operating Co believes a mediator would help...

  • 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.