GO
Loading...

Arbitration

More

  • MOSCOW, Nov 14- A Russian court extended the house arrest of Vladimir Yevtushenkov, chairman of the Sistema business conglomerate, on Friday for four months. Yevtushenkov, one of Russia's richest men, was placed under house arrest on suspicion of money laundering related to Sistema's acquisition of Bashneft, an oil producer. In October, Moscow's Arbitration...

  • American Airlines crew reject union contract Monday, 10 Nov 2014 | 10:14 AM ET
    A file photo of American Airlines flight attendants

    American Airlines flight attendants rejected a contract, forcing the world's largest carrier and its union for cabin-crew workers into binding arbitration.

  • TORONTO, Nov 3- The union that represents workers along the St. Lawrence Seaway has agreed to take a contract dispute to arbitration, avoiding a strike that would have shut the waterway linking the Great Lakes and the Atlantic Ocean. Some 460 Unifor members work for the not-for-profit St. Lawrence Seaway Management Corp..

  • MOSCOW, Oct 30- Russia won court approval on Thursday to seize shares held by a billionaire businessman's company in oil producer Bashneft over its "improper privatisation", marking a success for the latest state move to reclaim prized corporate assets. Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local...

  • MOSCOW, Oct 30- Russia moved to seize shares in Bashneft from a billionaire businessman on Thursday over what a court said was the oil producer's "improper privatisation", deepening investors' fears that the Kremlin wants to reclaim prized assets. Moscow's Arbitration Court ruled in favour of prosecutors, who argued that Bashneft was unlawfully privatised in...

  • Oct 28- A federal judge on Tuesday ordered mediation in a lawsuit over a suspected design flaw in highway guardrails made by Trinity Industries Inc, which resulted last week in a $175 million jury verdict against the company. District Judge Rodney Gilstrap in Marshall, Texas ordered Trinity and the whistleblower who brought the case to attend mediation with...

  • Oct 28- In a rare move, a securities arbitration panel sided with a broker who alleged UBS AG had hurt his business model and team, although the broker also has to return bonus money. The Financial Industry Regulatory Authority panel ordered UBS to pay Maryland broker Gary Padussis $933,000 in damages. However, it also ordered him to pay $1.7 million to the firm to...

  • Oct 17- A former UBS AG branch manager's pay discrimination case in Puerto Rico highlights behavior some lawyers say can give brokerages an edge in arbitration: breaking discovery rules. In May, a Financial Industry Regulatory Authority arbitration panel dismissed Carlos Capacete's claim that UBS paid him less than branch managers on the U.S. mainland.

  • CARACAS, Oct 9- Venezuela said on Thursday compensation ordered by a World Bank arbitration tribunal in the Exxon Mobil Corp case was within a "reasonable range" once a previous award is deducted from the roughly $1.6 billion new determination.

  • CARACAS, Oct 9- Venezuela considers a World Bank arbitration tribunal's award "manageable" and will pay Exxon Mobil Corp for the 2007 nationalization of its oil projects from November, a source at state oil company PDVSA said on Thursday. Earlier, the Centre for Settlement of Investment Disputes ordered Venezuela to pay Exxon around $1.6 billion.

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • DETROIT, Oct 9- Mediation for the last, and potentially one of the biggest, settlements in Detroit's historic bankruptcy case has moved to New York City, a Detroit spokesman said on Thursday, amid a newspaper report that a potential deal with Financial Guaranty Insurance Co is still days away. Nearly a month ago, Detroit struck a deal with another bond insurer,...

  • HOUSTON, Oct 9- A World Bank arbitration decision that Venezuela must pay Exxon Mobil Corp about $1.6 billion shows that the country "failed to provide fair compensation" for oil assets nationalized in 2007, Exxon said in a statement on Thursday. "Exxon Mobil recognizes the sovereignty of all nations and, while clearly not a desirable outcome, accepts...

  • CARACAS, Oct 9- A World Bank arbitration tribunal has determined Venezuela must pay Exxon Mobil Corp around $1.6 billion to compensate for a 2007 nationalization, the award posted on the International Chamber of Commerce website Thursday showed. A separate decision by the Paris- based ICSID in 2012 ordered Venezuela state oil company PDVSA pay Exxon $908...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a federal lawsuit Microsoft filed in August in New York accusing Samsung of refusing to make royalty payments to...

  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that could be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • NEW YORK, Oct 7- Samsung Electronics Co Ltd initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing as part of a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty...

  • NEW YORK, Oct 7- Samsung Electronics initiated an arbitration proceeding in Hong Kong against Microsoft Corp on Tuesday, amid ongoing U.S. litigation over smartphone patent royalties. The arbitration was disclosed in a court filing in a lawsuit Microsoft filed in August in New York federal court accusing Samsung of refusing to make royalty payments after it...

  • Oct 7- Lawyers for investors charged on Tuesday that securities arbitrators are chosen from a limited pool of mostly elderly men, one of several flaws in Wall Street's mandatory arbitration system that may be the cause for a steep decline in rulings favoring investors. The finding, in a study by the Public Investors Arbitration Bar Association, raises...

  • DUBAI, Oct 1- The International Cotton Association said it is introducing mediation services to help resolve disputes over reneged contracts that have blocked hundreds of blacklisted firms from doing business.