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Contracts Arbitration

  • DAKAR, Nov 10- Senegalese money transfer firm Wari has requested international arbitration in its dispute with Millicom International Cellular over the Luxembourg- based company's cancellation of a deal to sell its Senegal subsidiary Tigo to Wari. But Millicom canceled the deal in July and announced it would sell the business to a consortium that includes...

  • *WPP says Bain's offer undervalues Asatsu-DK. TOKYO, Nov 2- An acrimonious spat between advertising giant WPP and its partner Asatsu-DK Inc over a $1.35 billion offer for the Japanese firm from Bain Capital has deepened, with WPP saying it was taking legal action. The world's largest advertising group is seeking arbitration with a Japanese arbitration body and...

  • *Senate voted to repeal "forced arbitration" rule on Tuesday. *Some Republicans pushing Congress to review payday rules too. The Senate on Tuesday killed a rule banning banks, credit card issuers and other financial companies from using "forced arbitration" clauses in account contracts, the most significant roll-back of Obama-era financial policy since...

  • NEW YORK, Oct 25- Not every financial firm will be able to reap the benefit of Wall Street's victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed consumers to band together to sue banks and credit card companies even when the small print of their contracts forced them into closed-door arbitration...

  • NEW YORK, Oct 25- Not every financial firm will be able to reap the benefit of Wall Streets victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed consumers to band together to sue banks and credit card companies even when the small print of their contracts forced them into closed-door arbitration...

  • judge holding gavel, Gavel, judge courtroom

    Consumers won't like repeal of arbitration rule, says one advocate.

  • EQUIFAX INC SAYS CONGRESSIONAL ACTION ON ARBITRATION, CLASS-ACTION LAWSUITS WON'T PREVENT CONSUMERS FROM SUING EQUIFAX OVER DATA BREACH.

  • A late-night Senate vote means consumers won't be able to sue credit-card companies anytime soon.

  • WASHINGTON, Oct 24- Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using "forced arbitration" clauses. Republican Vice President Mike Pence appeared on the Senate floor at 10:11 p.m. EDT to cast the...

  • WASHINGTON, Oct 24- Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using "forced arbitration" clauses. Republican Vice President Mike Pence appeared on the Senate floor at 10:11 p.m. EDT to cast the...

  • U.S. SENATE KILLS RULE THAT WOULD HAVE ENDED "MANDATORY ARBITRATION CLAUSES" IN BANK, CREDIT-CARD ACCOUNT CONTRACTS.

  • MEXICO CITY, Oct 24- Mexican billionaire Carlos Slim's America Movil on Tuesday reported a net loss of 9.55 billion pesos for the third quarter, with its results dragged down by a costly Colombian arbitration panel ruling. The Colombian panel said America Movil and Spain's Telefonica failed to return installed telecommunication networks and...

  • WASHINGTON, Oct 23- A U.S. financial regulator's rule banning banks and credit card companies' ability to prevent customers from banding together to sue them relies on insufficient research and is misguided, according to new analysis from the U.S. Treasury Department. The Consumer Financial Protection Bureau's rule abolishing "mandatory arbitration...

  • BANJUL, Oct 18- African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas. The Norwegian-listed company said in a statement on Wednesday that two wholly-owned subsidiaries had requested arbitration with the United States- based International Centre for the...

  • Ajeet Seeds, Kaveri Seed Co Ltd and Ankur Seeds were among six Indian companies that delayed payments to Monsanto, demanding a cut in royalties they paid to the U.S. firm to license its technology. "The arbitration proceedings with each of these companies have concluded by way of consent orders which record the mutually discussed and accepted settlement terms,"...

  • *Madrid rejects mediation, says talks must be "within the law". Rajoy's move could deepen the confrontation between Madrid and Catalonia but it also signals a way out of Spain's biggest political crisis since a failed military coup in 1981.. Puigdemont made a symbolic declaration of independence from Spain on Tuesday night but then immediately suspended it and...

  • *Madrid rejects mediation, says talks must be "within the law". MADRID/ BARCELONA, Oct 11- The Spanish cabinet was meeting on Wednesday to decide its response to Catalan moves to declare independence, but the prospect of dialogue to ease Spain's worst political crisis in four decades already seemed remote. The fraught situation became even more confused on Tuesday...

  • *Madrid rejects mediation, says talks must be "within the law". MADRID/ BARCELONA, Oct 11- The Spanish cabinet was meeting on Wednesday to decide its response to Catalan moves to declare independence, but the prospect of dialogue to ease Spain's worst political crisis in four decades already seemed remote. The fraught situation became even more confused on Tuesday...

  • *Madrid rejects mediation, says talks must be "within the law". MADRID/ BARCELONA, Oct 11- The Spanish cabinet was meeting on Wednesday to decide its response to Catalan moves to declare independence, but the prospect of dialog to ease Spain's worst political crisis in four decades already seemed remote. The fraught situation became even more confused on Tuesday...

  • *Madrid rejects mediation, says talks must be "within the law". MADRID/ BARCELONA, Oct 11- The Spanish cabinet was meeting on Wednesday to decide its response to Catalan moves to declare independence, but the prospect of dialog to ease Spain's worst political crisis in four decades already seemed remote. The fraught situation became even more confused on Tuesday...