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Arbitration

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  • *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...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...

  • *Israel, Iran tight-lipped on decades-old arbitration. *Pressure in Israel to remove secrecy. But since the 1979 revolution that brought the ayatollahs to power, Iran has been demanding its share of revenues and assets that remained in Israel.

  • TORONTO, Feb 22- Canadian National Railway said on Sunday it is meeting with Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, and hoped to reach a negotiated settlement or an agreement to enter binding arbitration over their contract dispute. Canada's No. 1 railway had called for binding arbitration on Friday when it first...

  • TORONTO, Feb 21- Canadian National Railway Co on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday. Canada's No. 1 railway had called for binding arbitration on Friday when it first announced it was preparing to lock...

  • TORONTO, Feb 21- Canadian National Railway Co on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday. Canada's No. 1 railway had called for binding arbitration on Friday when it first announced it was preparing to lock...

  • Feb 20- Two former Barclays stockbrokers can keep nearly $4 million in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms. Barclays had tried to claw back the bonuses from brokers Ileana Platt and Rafael Urquidi after the pair filed a claim with Financial Industry...

  • MOSCOW, Feb 6- Russia's Finance Ministry said on Friday Moscow had appealed against a ruling by an arbitration court in The Hague that it must pay $50 billion for expropriating the assets the Yukos oil company that was owned by Kremlin critic Mikhail Khodorkovsky. The ministry said in a statement on its website that it had lodged the appeal on Jan 28.

  • The State Department said in a statement its role had ended because "a voluntary mediation process could not be established since Nissan was not willing to participate," with the State Department's National Contact Point, which works to further the Organization for Economic Co-operation and Development's guidelines in the United States.

  • Feb 2- Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a favorable arbitration ruling. Profit in the fourth quarter fell to $6.57 billion, or $1.56 per share, from $8.35 billion, or $1.91 per share in the same quarter a year earlier.

  • HOUSTON, Jan 16- Harvest Natural Resources Inc, a Texas based oil and gas company, said on Friday it has filed an arbitration request against Venezuela before a World Bank tribunal to protect the value of its investment in the South American country. "Having exhausted all alternatives to protect Harvest's shareholders, we are now regrettably forced to exercise...

  • Jan 13- About 60 percent of Delta Air Lines flight attendants have demanded a vote on whether they should unionize, the first step toward an election supervised by a federal agency. On Tuesday cards that called for a vote, signed by nearly 12,000 of Delta's 20,000 flight attendants, were filed with the National Mediation Board, the International Association of...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty...

  • LONDON, Dec 31- Asia Resource Minerals said on Wednesday that a Singapore tribunal has ruled that former executive Rosan Roeslani has to repay the company $173 million, plus interest and legal costs, lifting its shares by more than 300 percent. The coal producer, formerly known as Bumi, launched the arbitration in Singapore a year ago to enforce a previous...

  • LOS ANGELES, Dec 29- Brushing aside calls for federal mediation in prolonged contact talks with employers at 29 U.S. West Coast ports, the union for 20,000 dockworkers urged shipping executives on management's board of directors to take a more active part in negotiations. The Pacific Maritime Association, representing shipping lines and terminal operators...

  • JERUSALEM, Dec 24- The group that controls two large gas fields off Israel's shores could seek international arbitration to defend its assets, it said on Wednesday, a day after an Israeli regulator raised the prospect of it being stripped of some of its holdings. Gideon Tadmor, chairman of Delek Drilling and CEO of Avner Oil, said the consortium-- which also includes...

  • Dec 23- A Financial Industry Regulatory Authority arbitration panel ordered Cantor Fitzgerald& Co and BGC Financial LP to jointly pay about $1 million in damages to a former employee for breach of contract. Raymond Walton alleged that Cantor Fitzgerald and BGC Financial failed to pay him agreed-upon amounts. Attorneys for Walton, Cantor Fitzgerald and BGC...