The European Union’s Single Resolution Board said Monday it will not compensate former shareholders and creditors of Banco Popular Espanol, which was sold for a nominal €1 to Banco Santander SA more than a year ago.
As traditional litigation techniques find their way more frequently into arbitration proceedings, some attorneys have questioned whether the process is still a time- and cost-effective way of handling construction disputes outside the courtroom. Generally, it still is, but a lack of careful planning can minimize its benefits, experts said.
Two New Jersey-based waste and environmental service companies have threatened Morocco with a $75 million arbitration claim as local authorities in Casablanca look to prematurely and unilaterally terminate a landfill management agreement, the companies said.
Djibouti said Friday that it doesn't recognize an arbitral award siding with port operator DP World on claims that the East African nation improperly seized control of a deep-sea terminal that the company had managed for more than a decade under a concession agreement.
The International Centre for Settlement of Investment Disputes on Friday proposed sweeping revisions to its rules, unveiling possible changes to address hot button issues like transparency and third-party funding while looking to streamline and modernize much of the arbitral process and expand other dispute resolution offerings.
The Chinese government teed up a new round of tariffs targeting $60 billion worth of U.S. goods Friday, ramping up its retaliation against President Donald Trump’s own sweeping tariff regime aimed at countering Beijing’s intellectual property and technology acquisition rules.
The governor of the Bank of England said Friday that the “highly undesirable” possibility that Britain could crash out of the European Union without securing an agreement on the terms of its withdrawal has become “uncomfortably high.”
A Massachusetts federal judge on Thursday denied an American mining company owner’s motion to pause a suit brought by Oman accusing him of failing to pay any part of a $5.6 million international arbitration award issued against him.
Morocco has launched a probe to determine whether an upsurge of coated wood board imports are hurting its producers, according to a World Trade Organization filing.
An international arbitrator has sided with DP World after the government of Djibouti seized control of a deep-sea terminal that the major port operator had managed for more than a decade under a concession agreement with the East African nation, according to a Thursday statement.
Brazil's DLA Piper-affiliated firm Campos Mello Advogados has hired a partner with years of experience handling both domestic and international arbitration and litigation for a variety of clients.
A New York judge on Wednesday looked to preserve the value of bankrupt Ampal-American Israel Corp.’s stake in a more than $1 billion arbitral award stemming from a terminated natural gas deal with Egypt, telling the company's controlling shareholder he must notify the company's bankruptcy trustee before taking certain actions.
The London Stock Exchange Group said on Thursday that it is "executing contingency plans" for Brexit to ensure it can continue to function for markets and customers if the U.K. crashes out of Europe without agreeing a transition deal.
The Eleventh Circuit on Wednesday overturned an order requiring a Mexican cargo transporter to arbitrate its dispute with a Florida shipping company in Miami, ruling that while their contract was hardly a "model of clarity," the parties had in fact agreed to arbitrate disputes in London.
A Dutch company contracted by the Serbian government to run a publicly owned steel mill operator is seeking to confirm a $12.4 million arbitral award issued against the mill operator for alleged wrongful termination of the contract, according to a petition filed in D.C. federal court.
An international tribunal has trimmed a Canadian lender's claim against Mexico, now worth more than $74 million, over the allegedly unlawful cancellation of defaulted loans for certain real estate development projects, according to a decision released Tuesday.
A Florida federal judge ruled Wednesday that the owner of a beach hotel must arbitrate its claims that underwriters at Lloyd's of London wrongly refused to cover more than $2.7 million in damage sustained during Hurricane Irma, finding the arbitration clause in their contract prevails.
The European Commission must provide legal certainty about the transfer of personal data between the U.K. and the European Union ahead of Brexit, the European insurance industry has said.
An international tribunal has ruled by majority to reject the Indian government's $1.7 billion claim that offshore drilling partners BP PLC, Niko Resources Ltd. and Reliance Industries Ltd. siphoned gas from deposits they had no right to exploit, two of the companies said on Tuesday.
The European Commission on Monday shed light on the progress of free trade agreement negotiations with Australia and New Zealand that took place in early July, calling the first round of talks aimed at reducing trade barriers “constructive” in a published report that also outlined future topics.
Many legal teams involved in cross-border matters still hesitate to use technology assisted review, questioning its ability to handle non-English document collections. However, with the proper expertise, modern TAR can be used with any language, including challenging Asian languages, say John Tredennick and David Sannar of Catalyst Repository Systems.
Earlier this year, Rep. Trey Gowdy, R-S.C., made headlines with his decision to leave Congress and return to law. In this series, former members of Congress who made that move discuss how their experience on the Hill influenced their law practice.
The Senate Republican leadership and the Trump administration are racing to fill Justice Anthony Kennedy’s spot on the U.S. Supreme Court. Does opposition to their plans have any chance of success? My answer is yes, because the stakes are so high, people are so engaged, and the records of those short-listed are so deeply troubling, says Nan Aron, president of Alliance for Justice.
As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.
Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.
Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.