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Arbitration

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  • AMSTERDAM, July 28- An international arbitration panel in the Netherlands on Monday ordered Moscow to pay $51.57 billion in damages to shareholders in the defunct oil giant Yukos, saying officials under President Vladimir Putin had manipulated the legal system to bankrupt the company.

  • *Ruling comes amid turmoil in Ukraine and East-West rift. MOSCOW, July 28- The Hague's arbitration court ruled on Monday that Russia must pay a group of shareholders in defunct oil giant Yukos around $50 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.

  • LONDON, July 28- The $50 billion awarded by the Hague's arbitration court against Russia is the largest arbitration award ever, said Tim Osborne, director of the GML group of shareholders which made the claim.

  • The Permanent Court of Arbitration in The Hague issued rulings in three separate cases which had sought a total of $100 billion from Russia for expropriating Yukos, formerly controlled by Mikhail Khodorkovsky, once Russia's richest man.

  • MOSCOW, July 28- Russian Foreign Minister Sergei Lavrov said on Monday Moscow could launch an appeal if the Hague's arbitration court rules in favour of a group of shareholders in defunct oil giant Yukos against Russia.

  • MOSCOW, July 28- The Hague's arbitration court has ruled in favour of a group of shareholders in defunct oil giant Yukos against Russia, awarding compensation of around $50 billion, a source close to the ruling said on Monday.

  • HAGUE ARBITRATION COURT RULES IN FAVOR OF GML GROUP OF YUKOS SHAREHOLDERS AGAINST RUSSIA, AWARDS COMPENSATION OF AROUND $50 BLN- SOURCE CLOSE TO RULING.

  • MOSCOW, July 28- The Permanent Court of Arbitration in the Hague will announce on Monday that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources. The newspaper said Russia was expected to appeal against the ruling.

  • July 28- The Permanent Court of Arbitration in The Hague will on Monday announce that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources. The newspaper said Russia was expected to appeal against the ruling.

  • JAKARTA, July 24- Indonesia's president has said the government will take stern action against Newmont Mining Corp, which has filed for international arbitration over the country's mineral export tax, the country's chief economics minister quoted him as saying.

  • *Three ex-GSK staff seek labour arbitration in Shanghai. BEIJING/ SHANGHAI, July 16- Three former Chinese employees of GlaxoSmithKline PLC, which is embroiled in a long-running corruption probe in China, are seeking compensation for illegal dismissal from their jobs, a lawyer representing them told Reuters.

  • *Three ex-GSK staff seek labour arbitration in Shanghai. BEIJING/ SHANGHAI, July 16- Three former Chinese employees of GlaxoSmithKline PLC, which is embroiled in a long-running corruption probe in China, are seeking compensation for illegal dismissal from their jobs, a lawyer representing them told Reuters.

  • MIAMI, July 14- A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday.

  • MIAMI, July 7- Arbitration to decide who will bear the Panama Canal expansion project's $1.6 billion cost overrun, a dispute that temporarily halted work earlier this year, will begin in closed-door sessions in Miami later this month, according to lawyers arguing the matter.

  • JAKARTA, July 2- Freeport-McMoRan Copper& Gold Inc is still in talks with Indonesia over a six-month dispute that has halted copper exports, and has no plan yet to follow Newmont Mining Corp in seeking international arbitration. Global copper prices, currently not far off four-month highs, have been underpinned by the disruption to supplies from Indonesia.

  • June 24- American Apparel Inc founder Dov Charney's lawyer has filed a petition for arbitration to counter plans to strip Charney of his roles as president and chief executive of the company, The Wall Street Journal reported in Tuesday's paper. Charney owns a 27.2 percent stake in American Apparel. A spokesman for American Apparel declined to comment.

  • PRETORIA, June 9- Wage talks between South Africa's AMCU union and major platinum producers were deadlocked on Monday, prompting the mining minister to abandon his mediation role and dashing hopes for an end to a strike that is pushing the economy towards recession.

  • NEW YORK, June 5- A California wealth adviser must pay two ex-employees almost $3.7 million for allegedly defaming them, a securities arbitration panel found.

  • EL TIGRE, Venezuela May 30- Venezuela will appeal an arbitration ruling allowing refiner Phillips 66 to acquire state oil company PDVSA's 50 percent stake in a delayed coking unit at the Sweeny refinery, the oil minister said on Friday.

  • *Platinum off on strike mediation talks. NEW YORK/ LONDON, May 27- Gold fell 2 percent on Tuesday, the most in one day since December, as an intraday record high of the S&P 500 equities index and economic optimism triggered a heavy bout of technical selling.