×

Contracts Arbitration

  • NEW YORK, Aug 17- The 2nd U.S. Circuit Court of Appeals ruled that Uber user Spencer Meyer assented to the companys mandatory arbitration requirement when he clicked a button to complete his registration for the Uber smartphone app. The 2nd Circuits decision on Thursday, written by Judge Denny Chin for a panel that also included Judges Reena Raggi and Susan...

  • NEW YORK, Aug 17- The 2nd U.S. Circuit Court of Appeals ruled that Uber user Spencer Meyer assented to the companys mandatory arbitration requirement when he clicked a button to complete his registration for the Uber smartphone app. The 2nd Circuits decision on Thursday, written by Judge Denny Chin for a panel that also included Judges Reena Raggi and Susan...

  • NEW YORK, Aug 17- Uber Technologies Inc on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger's price-fixing case against the ride-service company into arbitration. Overturning a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan said Uber and...

  • NEW YORK, Aug 17- Uber Technologies Inc on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger's price-fixing case into arbitration. Overturning a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan said Uber and former Chief Executive Officer...

  • Crystallex is seeking to collect on a $1.4 billion award it won via a World Bank arbitration panel in 2016.. The company on Monday asked the United States District Court for the District of Delaware to attach shares in Delaware- based PDV Holding, a PDVSA subsidiary that owns of refining and marketing company Citgo Petroleum. Companies ranging from U.S. oil giant...

  • ATHENS/ TORONTO, Aug 3- Greece plans to start an arbitration process in August to settle its differences with Canada's Eldorado Gold Corp over its gold mine development plans, the energy ministry said on Thursday. Shares of Eldorado dropped to a 14- year low of C $2.31 on the Toronto Stock Exchange on Thursday. Eldorado is developing the Skouries and Olympias...

  • ATHENS, Aug 3- Greece plans to start an arbitration process in August to settle its differences with Canada's Eldorado Gold Corp. over a gold mine development, the energy ministry said on Thursday. Eldorado is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine. Greece has said it wants to ensure that Hellas...

  • PANAMA CITY, July 31- The head of the Panama Canal Authority said on Monday a Miami- based arbitration board rejected a demand by Spanish-led GUPC consortium for $192.8 million to cover cost overruns during the building of a third set of locks for the century-old waterway. GUPC or Grupo Unidos por el Canal includes Sacyr SA of Spain, Impregilo of Italy, Jan De Nul of...

  • TORONTO, July 25- Freeport-McMoRan Inc said on Tuesday that it was encouraged by recent progress in talks with Indonesia to resolve a lengthy permit dispute for its massive Grasberg mine, but will pursue arbitration if a long-term deal cannot be reached. Investors were looking past "yet another rough quarter and yet another guide down," to focus on sturdy copper...

  • TORONTO, July 25- Freeport-McMoRan Inc said on Tuesday that it was encouraged by recent progress in talks with Indonesia to resolve a lengthy permit dispute for its massive Grasberg mine, but if a long-term deal cannot be reached, it will pursue arbitration. Arizona- based Freeport, the world's biggest publicly listed copper miner, also reported second-quarter...

  • WASHINGTON, July 20- Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes that otherwise may turn into class-action lawsuits. Top lawmakers in both the House and Senate introduced bills on Thursday to repeal the rule, finalized this week by...

  • WASHINGTON, July 20- Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes. Top lawmakers in both the House and Senate introduced bills on Thursday to repeal the rule, finalized this week by the Consumer Financial Protection Bureau.

  • WASHINGTON, July 18- A U.S. rule years in the making that was intended to restore consumers' ability to band together to sue financial companies could unravel in just a few months as the heads of two federal agencies clash over it and critics gear up for battle. On Wednesday, the Consumer Financial Protection Bureau's rule abolishing "mandatory arbitration"...

  • WASHINGTON, July 18- A U.S. rule years in the making that was intended to restore consumers' ability to band together to sue financial companies could unravel in just a few months as the heads of two federal agencies clash over it and critics gear up for battle. On Wednesday, the Consumer Financial Protection Bureau's rule abolishing "mandatory arbitration"...

  • WASHINGTON, July 13- The political fissure between an Obama-appointed financial overseer and regulators hired by U.S. President Donald Trump is widening, with Consumer Financial Protection Bureau Director Richard Cordray threatening to challenge in court any attempt to kill his agency's new arbitration rule. The Republican president's picks to head the...

  • *$1.6 billion award reduced in March to $188 million. NEW YORK, July 11- A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a large international arbitration award against Venezuela stemming from an asset seizure in 2007, when the country was nationalizing its oil industry. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court...

  • NEW YORK, July 11- A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a $1.6 billion international arbitration award against Venezuela stemming from a 2007 asset seizure, voiding a lower court judgment. In a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in excusing Exxon from complying with...

  • MOSCOW, July 11- German engineering firm Siemens has filed lawsuits against its own Russian joint venture that produces turbines, and against a Russian state firm to which the venture sold turbines, according to court documents. The lawsuits were filed on Tuesday in the Moscow city arbitration court, according to the documents seen by Reuters.

  • WASHINGTON, July 10- The U.S. Consumer Financial Protection Bureau on Monday released a rule that would bar credit card companies, banks and other firms from requiring that customers agree to settle any disputes away from the courts and in arbitration as a condition of opening an account. The rule would also require companies to give the CFPB records of initial...

  • CONSUMER FINANCIAL PROTECTION BUREAU RELEASES RULE TO BAN COMPANIES FROM USING MANDATORY ARBITRATION CLAUSES.