Latest News for: The arbitrator

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Novo Banco, S.A. informs about a decision of the Arbitration Court (Novo Banco SA)

Public Technologies 03 Nov 2021
However, the Arbitration Court considered that the disputed issue was not expressly contemplated in the contract and, to that extent, the court considered that novobanco could not use the contingent capital agreement calls ("CCA" mechanism) to pass on the cost of the decision to reverse the IFRS 9 transitional arrangements.
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The arbitral tribunal has confirmed PPG Finland Oy's redemption right regarding Tikkurila Oyj's minority shares and trading in the shares of Tikkurila Oyj has been suspended (Tikkurila Oyj)

Public Technologies 27 Oct 2021
The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce has today confirmed that PPG Finland Oy has the right to redeem the minority shares in Tikkurila Oyj ("Tikkurila" or the "Company") and that PPG Finland Oy has the right ...
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Does Section 34 of Arbitration Act give a Court power to modify the Arbitral Award?

Business Line 18 Oct 2021
The Arbitration & Conciliation Act, 1940, gave powers to Indian courts under Section 15 and 16 to modify the Arbitral Awards besides remitting or setting them aside, however, that power of court’s interference was reduced to setting off an Award by amendment of the ...
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Arbitral tribunal appointed for the arbitration proceedings concerning the redemption of the minority shares in Tikkurila Oyj (Tikkurila Oyj)

Public Technologies 18 Aug 2021
The Company has today been informed that the Redemption Board of the Finland Chamber of Commerce has appointed an arbitral tribunal consisting of three members for the arbitration proceedings concerning the redemption of the minority shares in Tikkurila. The arbitral tribunal ...
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The Pathways to a Career in Arbitration: The Duties and Responsibilities of the Arbitral Secretary (GICAM - Groupement Inter-Patronal du Cameroun)

Public Technologies 17 Aug 2021
At LACIAC, we recognise the need to bridge the knowledge gap and to help practitioners gain insight into the different roles in arbitration ... new to the field of arbitration; yet to experience any arbitration proceedings or wish to gain more experience; and/or interested in learning more about a pathway to building a career in arbitration.
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in our 2020 Annual Report on Form 20-F provides disclosure regarding the arbitration proceedings between the Company's subsidiary ICL Europe Coöperatief U.A. ("ICL Europe") and the Federal Democratic Republic of Ethiopia ("Ethiopia"), that were administrated by the Hague-based Permanent Court of Arbitration. ICL Europe commenced this arbitration to assert claims against Ethiopia under the Netherlands-Ethiopia Bilateral Investment Treaty (“BIT”) seeking compensation for losses to its investment in its Ethiopian potash project due to mistreatment by the Ethiopian Government. ICL Europe claimed that the Ethiopian tax authority imposed a discriminatory, arbitrary and baseless tax on ICL Europe’s Ethiopian project company, Allana Potash Afar Plc (“Allana Afar”). On July 9, 2021, the arbitration tribunal rendered its award. Despite indications that Ethiopia’s tax assessment was flawed, the tribunal interpreted the BIT as significantly limiting the BIT’s protections in relation to disputes regarding taxation. Among other things, this had the significant effect of precluding ICL Europe's claims that Ethiopia violated the requirement to accord fair and equitable treatment to ICL Europe's investments in Ethiopia. Consequently, the tribunal rejected ICL Europe's claims and ordered ICL Europe to pay an amount of approximately $2.5 million as reimbursement of arbitration costs in accordance with the applicable arbitration rules. Since 2017, Allana Afar is not included in ICL's consolidated financial statements. This award does not have a material impact on the Company’s Financial Statements (Form 6-K) (ICL - Israel Chemicals Ltd)

Public Technologies 28 Jul 2021
) in our 2020 Annual Report on Form 20-F provides disclosure regarding the arbitration proceedings between the Company's subsidiary ICL Europe Coöperatief U.A ... The Arbitral Tribunal determined that the agreement between IBP and Nobian remains in force, that IBP did not breach the ...
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Commentary: The arbitral ruling five years later

The Philippine Star 17 Jul 2021
New satellite images show that swarms of Chinese ships have been dumping sewage and waste in the West Philippine Sea, damaging coral reefs and threatening the food supply of millions in the region ... .
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A first semester of growth for the Arbitrator for Financial Disputes - Acceptance of 65 per cent of the appeals - A collection of maxims with the most relevant decisions and a practical guide for savers are forthcoming (Press release of 5 July 2021) (CONSOB - Commissione Nazionale per la Società e la Borsa)

Public Technologies 05 Jul 2021
) The activity of the Arbitrator for Financial Disputes (AFD), the out-of-court dispute resolution body between savers and financial intermediaries, established by Consob in 2016 and operational since January 2017, continues to grow ... Over 8,000 appeals have been received in total by the Consob Arbitrator from the beginning of his activity to date.
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Aquino and the arbitration against China: Inquirer columnist

Straits Times 02 Jul 2021
President Aquino made the difficult decision even as his closest advisers were bitterly divided, with one faction against the arbitration and the other in favour of the arbitration ... divided, with one faction against the arbitration and the other in favor of the arbitration.
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Securities Industry Arbitrations and Litigation Update: Second Circuit Affirms Southern District of New York’s Denial of Investment Banker’s Motion to Vacate FINRA Arbitration Award for the Arbitration Panel’s Alleged “Manifest Disregard of the Law” (Troutman Pepper Hamilton Sanders LLP)

Public Technologies 29 Jun 2021
Accordingly, the Second Circuit concluded that the arbitration panel had a 'colorable justification' for finding the liquidated damages provision enforceable as negotiated and agreed upon by the parties, and the petitioner had failed to establish the arbitration panel's manifest disregard of the law.
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Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Tikkurila Oyj (Tikkurila Oyj)

Public Technologies 23 Jun 2021
Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Tikkurila Oyj ... As a result of PPG Finland's application for the above-mentioned arbitration proceedings, the Redemption Board of the Finland Chamber of Commerce has petitioned the ...
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EssilorLuxottica : EssilorLuxottica welcomes favorable outcome of the arbitration confirming material breaches by GrandVision

Nasdaq Globe Newswire 22 Jun 2021
EssilorLuxottica welcomes favorable outcome of the arbitration confirming material breaches by GrandVision ... .
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EssilorLuxottica welcomes favorable outcome of the arbitration confirming material breaches by GrandVision (EssilorLuxottica SA)

Public Technologies 21 Jun 2021
Charenton-le-Pont, France (June 21, 2021 - 10.00 p.m.) - EssilorLuxottica welcomes the favorable award issued today by the arbitral tribunal in the proceedings initiated by HAL and GrandVision. The arbitral tribunal ...
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The Arbitral Tribunal Has Confirmed Spa Holdings 3 Oy’s Redemption Right over the Minority Shares in Ahlstrom-Munksjö and Trading in the Ahlstrom-Munksjö Shares Has Been Suspended (Ahlstrom-Munksjö Oyj)

Public Technologies 21 Jun 2021
The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Ahlstrom-Munksjö Oyj ('Ahlstrom-Munksjö') has in its interim decision today confirmed that Spa Holdings 3 Oy ...
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