Tag #Arbitration

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usa.chinadaily.com.cn

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Jul 22, 07:14

Hainan Enacts New Arbitration Rules to Boost Free Trade Port Ambitions

Hainan's new arbitration rules, the 31st under its free trade port law, enable ad hoc arbitration for faster, globally enforceable dispute resolution, benefiting businesses in Hainan and internationally, enhancing investor trust and supporting its free trade goals.

Hainan Enacts New Arbitration Rules to Boost Free Trade Port Ambitions

Hainan's new arbitration rules, the 31st under its free trade port law, enable ad hoc arbitration for faster, globally enforceable dispute resolution, benefiting businesses in Hainan and internationally, enhancing investor trust and supporting its free trade goals.

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Peace, Justice, and Strong Institutions

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How do Hainan's new arbitration regulations impact international business dispute resolution and investor confidence?

Hainan's new arbitration regulations, the 31st under its free trade port law, allow for ad hoc arbitration, offering businesses a faster, more flexible alternative to traditional litigation with globally enforceable decisions.

europe.chinadaily.com.cn

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Jul 22, 07:14

Hainan Enacts New Arbitration Rules to Boost Free Trade Port Ambitions

Hainan's new arbitration regulations, the 31st under its Free Trade Port law, enable faster, more flexible ad hoc arbitration for businesses registered in Hainan, foreign firms, and companies from Hong Kong, Macao, and Taiwan, offering globally enforceable decisions and boosting investor confidence.

Hainan Enacts New Arbitration Rules to Boost Free Trade Port Ambitions

Hainan's new arbitration regulations, the 31st under its Free Trade Port law, enable faster, more flexible ad hoc arbitration for businesses registered in Hainan, foreign firms, and companies from Hong Kong, Macao, and Taiwan, offering globally enforceable decisions and boosting investor confidence.

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Peace, Justice, and Strong Institutions

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What immediate impact will Hainan's new ad hoc arbitration regulations have on international business in the region?

Hainan's new arbitration regulations, the 31st enacted under its Free Trade Port law, allow for faster, more flexible ad hoc arbitration, benefiting businesses registered in Hainan, foreign firms, and companies from Hong Kong, Macao, and Taiwan. These rules offer greater autonomy in selecting arbitrators and customizing procedures, leading to globally enforceable decisions.

cincodias.elpais.com

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Jul 1, 22:15

OHLA concludes Sidra hospital lawsuit with limited financial impact

OHLA's legal battle over the Sidra hospital in Qatar concluded with a €24.3 million net loss, significantly less than the €958 million initially claimed by Qatar Foundation; the company had already provisioned for this, limiting the financial impact.

OHLA concludes Sidra hospital lawsuit with limited financial impact

OHLA's legal battle over the Sidra hospital in Qatar concluded with a €24.3 million net loss, significantly less than the €958 million initially claimed by Qatar Foundation; the company had already provisioned for this, limiting the financial impact.

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Decent Work and Economic Growth

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How might this case influence OHLA's future approach to international construction projects and risk management strategies?

This case highlights the risks inherent in large-scale international construction projects. While OHLA faced a substantial initial claim, its proactive provisioning and legal defense minimized the ultimate financial impact. Future implications could include a reevaluation of risk management strategies in similar projects.

theglobeandmail.com

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Jun 4, 22:13

Canada Post Labor Dispute: Minister Urges Negotiated Settlement or Arbitration

Canadian Jobs Minister Patty Hajdu is urging Canada Post and the Canadian Union of Postal Workers to reach a negotiated settlement or proceed to binding arbitration to resolve their ongoing labor dispute, marked by disagreements over wages, overtime, and route changes, amid Canada Post's financial l...

Canada Post Labor Dispute: Minister Urges Negotiated Settlement or Arbitration

Canadian Jobs Minister Patty Hajdu is urging Canada Post and the Canadian Union of Postal Workers to reach a negotiated settlement or proceed to binding arbitration to resolve their ongoing labor dispute, marked by disagreements over wages, overtime, and route changes, amid Canada Post's financial l...

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What are the key sticking points in the Canada Post labor dispute, and what immediate actions are being taken to resolve the impasse?

Canada Post and the Canadian Union of Postal Workers are in a labor dispute, with negotiations at an impasse. Jobs Minister Patty Hajdu urged both parties to return to the bargaining table to pursue either a negotiated settlement or binding arbitration, emphasizing that a resolution is expected. The union rejected Canada Post's proposal for a forced vote on its final offer, while Canada Post expressed concerns about the length and cost of arbitration.

dw.com

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Mar 18, 16:10

German Public Sector Wage Dispute Enters Arbitration

Following failed negotiations, Germany's public sector wage dispute enters arbitration, with former Hesse premier Roland Koch and former Bremen official Hans-Henning Lühr as arbitrators. The peace obligation halts strikes from Thursday, after the unions' demands for an 8% raise or €350 minimum incre...

German Public Sector Wage Dispute Enters Arbitration

Following failed negotiations, Germany's public sector wage dispute enters arbitration, with former Hesse premier Roland Koch and former Bremen official Hans-Henning Lühr as arbitrators. The peace obligation halts strikes from Thursday, after the unions' demands for an 8% raise or €350 minimum incre...

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What were the key demands of the unions, and what counter-offer did the employers present?

The negotiations involved over 2.7 million public sector workers seeking an 8% pay raise or a minimum €350 increase, plus three extra days off. Employers offered a 5.5% raise, improved 13th-month pay, and higher shift allowances, but this was rejected by the unions. The impasse highlights the tension between workers' demands and the financial constraints of public budgets.

theguardian.com

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Mar 5, 13:11

Speculative Lawsuits Against Governments Reach \$120 Billion

Financial speculators are increasingly funding lawsuits against governments using investor-state dispute settlement (ISDS), resulting in over \$120 billion in payouts to firms, mostly in fossil fuel and mining, raising concerns about fairness and public cost.

Speculative Lawsuits Against Governments Reach \$120 Billion

Financial speculators are increasingly funding lawsuits against governments using investor-state dispute settlement (ISDS), resulting in over \$120 billion in payouts to firms, mostly in fossil fuel and mining, raising concerns about fairness and public cost.

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Reduced Inequality

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How does the lack of transparency regarding third-party funding in ISDS cases affect the fairness and cost-effectiveness of international arbitration?

The growth of third-party funding in ISDS cases connects to broader concerns about the accessibility and fairness of international arbitration. The lack of transparency and the potential for frivolous lawsuits, fueled by high potential rewards and no risk for funders, raise significant issues of public cost and equity.

africa.chinadaily.com.cn

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Jul 22, 07:14

Hainan Enacts New Arbitration Rules to Boost Free Trade Port Ambitions

Hainan's new ad hoc arbitration regulations, the 31st under its free trade port law, offer businesses a faster, more flexible dispute resolution process, enhancing investor trust and promoting its free trade ambitions; the rules, allowing for customized procedures and globally enforceable decisions,...

Hainan Enacts New Arbitration Rules to Boost Free Trade Port Ambitions

Hainan's new ad hoc arbitration regulations, the 31st under its free trade port law, offer businesses a faster, more flexible dispute resolution process, enhancing investor trust and promoting its free trade ambitions; the rules, allowing for customized procedures and globally enforceable decisions,...

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Peace, Justice, and Strong Institutions

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How do Hainan's ad hoc arbitration rules compare to traditional institutional arbitration, and what specific advantages do they offer to businesses?

These regulations enhance Hainan's position as a global dispute resolution center, leveraging China's accession to the New York Convention for international enforceability of ad hoc arbitration awards. The cost-effectiveness and efficiency of this approach, confirmed by the Hainan Arbitration Association, are expected to draw more international businesses seeking quicker, more adaptable solutions to commercial disputes.

us.cnn.com

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Jul 19, 01:13

Chevron Wins Arbitration, Secures Hess Acquisition and Guyana Oil Block

Chevron wins arbitration case against ExxonMobil, securing its $53 billion acquisition of Hess and access to the prolific Stabroek Block in Guyana, holding over 11 billion barrels of oil, boosting Chevron's growth and impacting global oil industry practices.

Chevron Wins Arbitration, Secures Hess Acquisition and Guyana Oil Block

Chevron wins arbitration case against ExxonMobil, securing its $53 billion acquisition of Hess and access to the prolific Stabroek Block in Guyana, holding over 11 billion barrels of oil, boosting Chevron's growth and impacting global oil industry practices.

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Climate Action

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What are the long-term implications of this case for future oil acquisitions and the strategic positioning of energy companies in Guyana?

This case sets a precedent for future joint operating agreements in the oil industry, impacting how pre-emptive rights are interpreted and negotiated. Chevron's strategic move secures a major growth opportunity, improving its lagging performance and potentially reshaping the competitive landscape in Guyana's oil sector. The decision also underscores the increasing importance of Guyana's oil reserves in the global energy market.

elmundo.es

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Jun 5, 16:15

Spain Pays €23.5M in First Renewable Energy Arbitration Case

Spain paid €23.5 million to JGC, a Japanese company, fulfilling a 2021 World Bank arbitration ruling related to 2013 renewable energy premium cuts; this is the first such compensation, and 27 of 51 similar arbitrations have ruled against Spain, with many claims sold to investment funds.

Spain Pays €23.5M in First Renewable Energy Arbitration Case

Spain paid €23.5 million to JGC, a Japanese company, fulfilling a 2021 World Bank arbitration ruling related to 2013 renewable energy premium cuts; this is the first such compensation, and 27 of 51 similar arbitrations have ruled against Spain, with many claims sold to investment funds.

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Affordable and Clean Energy

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How does the sale of claim rights to investment funds affect Spain's legal battle?

This payment is part of a larger legal battle against numerous claims totaling over €10.6 billion. Many claims were sold to investment funds, highlighting the financial complexities involved. Of 51 arbitrations, 27 have resulted in unfavorable rulings against Spain.

elpais.com

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Mar 24, 19:14

EU Rules Spanish Renewable Energy Arbitration Award Illegal State Aid

The European Commission declared a €101 million arbitration award against Spain for changes to renewable energy policy illegal state aid, ordering Spain not to pay and potentially impacting 51 similar cases.

EU Rules Spanish Renewable Energy Arbitration Award Illegal State Aid

The European Commission declared a €101 million arbitration award against Spain for changes to renewable energy policy illegal state aid, ordering Spain not to pay and potentially impacting 51 similar cases.

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How did the 2013 Spanish renewable energy policy changes contribute to the current legal dispute with Antin?

This ruling stems from a 2013 Spanish government renewable energy policy change that led to 51 arbitration claims totaling €10.635 billion. The Commission's decision, following a four-year investigation, declares the award incompatible with EU state aid rules, impacting investor confidence.

welt.de

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Mar 18, 07:16

German Public Sector Strike Ends as Arbitration Begins

Negotiations for a new public sector collective bargaining agreement in Germany have failed, prompting the initiation of arbitration proceedings involving former Hessian Minister-President Roland Koch and former Bremen Senator Hans-Henning Lühr, to resolve the dispute that involved widespread strike...

German Public Sector Strike Ends as Arbitration Begins

Negotiations for a new public sector collective bargaining agreement in Germany have failed, prompting the initiation of arbitration proceedings involving former Hessian Minister-President Roland Koch and former Bremen Senator Hans-Henning Lühr, to resolve the dispute that involved widespread strike...

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What are the key sticking points between the public sector unions and the employers in the negotiations?

Following three rounds of negotiations, the failure to reach an agreement resulted in the arbitration process. The arbitrators, including former Hessian Minister-President Roland Koch for the employers and former Bremen Senator Hans-Henning Lühr for the employees, will aim to present a recommendation within a week.

apnews.com

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Jan 17, 07:09

EU Court Challenges FIFA's Authority, Threatening Swiss-Based Sports Legal System

The European Court of Justice advised that EU national courts can review Court of Arbitration for Sport (CAS) decisions, potentially impacting FIFA and the international sports legal system based in Switzerland following a Belgian club's decade-long legal challenge to FIFA's third-party ownership ru...

EU Court Challenges FIFA's Authority, Threatening Swiss-Based Sports Legal System

The European Court of Justice advised that EU national courts can review Court of Arbitration for Sport (CAS) decisions, potentially impacting FIFA and the international sports legal system based in Switzerland following a Belgian club's decade-long legal challenge to FIFA's third-party ownership ru...

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What are the long-term implications of this ruling for the Court of Arbitration for Sport (CAS) and the future of sports dispute resolution globally?

The ruling's potential impact extends beyond this specific case, affecting the entire system of sports arbitration. It could lead to increased legal challenges to FIFA and other international sports organizations, potentially causing significant restructuring of their governance and dispute resolution mechanisms. The financial implications for CAS, heavily reliant on FIFA funding, are also substantial.

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