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Arbitration

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  • 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...

  • US port employers seek mediation in dockworker talks Monday, 22 Dec 2014 | 9:20 PM ET
    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.

  • LOS ANGELES, Dec 22- 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, saying the two sides remain far from a deal after seven months of negotiations. The International Longshore and Warehouse Union has so far resisted previous calls by the...

  • DUBAI/ LONDON, Dec 15- Dana Gas, one of the largest investors in Iraq's Kurdistan, said on Monday the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, prompting Dana to ask the court to enforce the order. The case is part of much bigger "multi-billion dollar" claims that the Pearl consortium, led by Dana, brought against...

  • CARACAS, Dec 2- The World Bank's international arbitration panel will not decide this year whether to take up Venezuela's request for a revision of an award that ordered it to pay Exxon Mobil Corp in compensation for oil projects nationalized in 2007, a lawyer for the country told Reuters on Tuesday. The International Center for Settlement of Investment...

  • More Brokers Seek to Buff Smudges Out of Records Tuesday, 11 Jun 2013 | 1:04 PM ET
    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.