A trading firm asked a New York federal court on Tuesday to enforce a $3.6 million international arbitration judgment against a biotechnology company that reneged on a financial arrangement.
A Colorado-based energy materials company has launched arbitration proceedings against Turkey over the country’s alleged illegal termination of licenses for two uranium projects, depriving the American corporation of $267 million in profits, according to a Thursday announcement.
Chinese tech magnate Jia Yueting could have more than $11 million of his U.S. properties seized after a Shanghai-based company asked a California federal court to enforce the decision of a Beijing arbitration committee that ordered Jia to make good on a multimillion-dollar loan.
A British judge on Thursday upheld arbitration awards forcing a Brazilian entity whose owner was convicted of bribery in connection with the Operation Car Wash scandal to return consulting fees paid by a Marshall Islands drilling contractor whose business relationships imploded as a result of the scheme.
The Financial Conduct Authority has published its latest set of guidance to help U.K. banks and insurers prepare for Brexit by encouraging them to consider implications for their business and customers, including putting in place measures to ensure their financial contracts can continue after March 2019.
A British judge said Wednesday that he would not revive a $500,000 arbitration dispute over Thomas Miller Specialty Underwriting Agency Ltd.'s refusal to indemnify two shipping companies for a sunken cargo of junk cars, rejecting a bid to appeal the case and expressing shock that the parties ran up almost $200,000 in attorneys' fees.
The bilateral trade agreement between Japan and the European Union will take effect in February following its ratification by lawmakers Wednesday, effectively creating the largest free trade zone ever implemented by a regional trade accord.
Nigeria's state-owned oil company urged a New York federal court on Tuesday to toss a bid filed by units of ExxonMobil Corp. and Royal Dutch Shell PLC to confirm a $2.67 billion arbitral award they won following a dispute over a deepwater drilling deal, arguing that the award was set aside in Nigeria and is unenforceable.
The U.S. government said Wednesday that it intends to sign a sweeping agreement with the U.K. that will help American firms keep pushing into the world’s fourth-largest insurance market after Britain exits the European Union.
Prime Minister Theresa May survived a coup attempt by rebel lawmakers within her Conservative Party late Wednesday, winning a no-confidence vote by a sufficiently large margin to allow her to continue pushing to get a draft Brexit withdrawal agreement through a hostile Parliament.
The Trump administration rejected a proposal to reform the World Trade Organization’s dispute settlement system Wednesday, prolonging a two-year power play that has plunged Geneva into crisis mode.
International arbitration experts at a recent gathering of professionals offered a range of strategies for dealing with the media, from no engagement to proactively reaching out to the press.
An American cotton trade group has asked an Arizona federal court to confirm that an Indian yarn spinner owes the group nearly $3.3 million under an arbitration award stemming from the foreign company’s unsuccessful competition and contract claims.
Venezuela has breached its settlement with Crystallex International Corp. relating to a $1.2 billion arbitral award issued after Venezuela expropriated its investments, the Canadian miner alleged Tuesday, signaling its intent to forge ahead with efforts to seize and sell shares in Citgo Petroleum Corp.'s parent company.
Anthony Sinclair of Quinn Emanuel Urquhart & Sullivan LLP represented clients around the world in high profile arbitration proceedings, with wins for client DP World in its dispute with Djibouti and for AngloGold Ashanti in its challenge against Ghana, earning him a spot as one of Law360’s 2018 International Arbitration MVPs.
The financial services sector will contribute less to Britain's economy under all Brexit scenarios set out by the government, a panel of lawmakers said on Tuesday, warning that the country's regulators will lose their voice in forming policy during a transition period after March 29.
Music mogul Jay-Z told a New York state court Monday that the American Arbitration Association has agreed to work with him to ensure more African-American arbitrators would be available in the pool of potential people to hear his intellectual property dispute with Iconix Brand Group Inc.
Venezuela has lost its bid to nix a more than $382 million arbitral award issued to a subsidiary of glassmaker Owens-Illinois Inc. whose two glass production plants were seized, after an ad hoc committee rejected arguments that the award should be annulled because Venezuela's appointed arbitrator had allegedly become biased against it.
Greece urged a New York federal court Monday to reject Leidos’ efforts to start pinning down the country's U.S. assets to enforce an award now worth €47.9 million stemming from the 2004 Olympics, saying the American security contractor’s arbitral award is tainted by a bribery and public corruption scandal and could be nixed.
A group of moderate Democratic lawmakers met with U.S. Trade Representative Robert Lighthizer on Monday and expressed their discontent with President Donald Trump’s threat to withdraw from the North American Free Trade Agreement in order to force a vote on a revised version of the pact.
Many law firms have tickets or luxury suites at sporting events to host clients and prospects. Matthew Prinn of RFP Advisory Group and Matt Ansis of TicketManager discuss some of the ways that firms can use those tickets effectively.
A recent opinion from the American Bar Association provides useful guidance on attorneys’ obligations to guard against cyberattacks, protect electronic client information and respond if an attack occurs, says Joshua Bevitz of Newmeyer & Dillion LLP.
Opening comments by parties in mediation that are made with the proper content and tone can diffuse pent-up emotion and pave the way for a successful resolution. But an opening presentation can do more harm than good if delivered the wrong way, say Jann Johnson and William Haddad of ADR Systems LLC.
When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.
Recently, Palestine instituted proceedings at the International Court of Justice in response to the U.S. moving its embassy in Israel from Tel Aviv to Jerusalem. The court's response — including its decision on whether to accept the case — will have significant consequences for international law, say Viren Mascarenhas and Claire O’Connell at King & Spalding LLP.
Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.
The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.
Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.
The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.
Attorneys drafting asymmetric arbitration and jurisdiction provisions, particularly for consumer and employment contracts, must ensure that these provisions are valid in the jurisdictions where all parties are located, not only in the jurisdiction chosen by the contract, say Bruce Paulsen and Jeffrey Dine of Seward & Kissel LLP.