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HTMLChad and China’s CNPC Reach Settlement on Alleged Environmental Damages
Thomas R. Snider; Greenberg Traurig, LLP;
Legal Alert/Article
December 10, 2014, previously published on November 14, 2014
The Republic of Chad and the China National Petroleum Corporation (CNPC) reportedly reached a settlement in a dispute involving environmental damages allegedly caused by the dumping of excess crude oil by CNPC in Chad. Under the agreement, CNPC agreed to pay Chad US$400 million to settle the...

 

HTMLThe Competition & Markets Authority Imposes Changes to the UK’s Audit Market with Significant Implications for FTSE 350 Companies
Simon Harms; Greenberg Traurig Maher LLP;
Legal Alert/Article
December 10, 2014, previously published on October 7, 2014
On 26 September 2014, the Competition & Markets Authority (“CMA”) issued its final order implementing changes to the UK’s statutory audit market (the “Final Order”). By way of background, this action represents the final step in a process which commenced in March...

 

HTMLLondon Court of International Arbitration Issues New Procedural Rules
Thomas R. Snider; Greenberg Traurig, LLP;
Legal Alert/Article
December 10, 2014, previously published on October 7, 2014
Following a trend among the leading international arbitral institutions of making rule changes to reflect the latest developments in international arbitral practice and procedure, the London Court of International Arbitration (LCIA), one of the world’s leading international arbitral...

 

HTMLNew Supplementary Rules for Fixed Time and Cost Construction Arbitration have been developed by the American Arbitration Association
Babst Calland;
Legal Alert/Article
December 10, 2014, previously published on October 27, 2014
Arbitration has historically been the preferred method for resolving construction disputes in the United States, as many in the industry have (1) preferred the idea of having complex construction disputes decided by someone with construction-specific experience and expertise, and (2) viewed...

 

HTMLErnst & Young and OSC Agree to No-Contest $8 Million Settlement over Sino-Forest and Zungui
Borden Ladner Gervais LLP;
Legal Alert/Article
December 5, 2014, previously published on November 19, 2014
The first of the OSC’s no-contest settlements occurred in October. Ernst & Young LLP (“Ernst & Young”) entered into a no-contest settlement agreement with the OSC in respect of allegations related to its auditing of Sino-Forest Corp. (“Sino-Forest”) and Zungui...

 

HTMLOSC Publishes Rules Regarding Disclosure of the Number of Women on Boards and in Senior Management
Borden Ladner Gervais LLP;
Legal Alert/Article
December 5, 2014, previously published on November 19, 2014
The OSC, along with the securities regulatory authorities in Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Québec and Saskatchewan, all announced the final implementation of amendments to National Instrument 58-101 Disclosure of Corporate...

 

HTMLPermission to Serve Winding-Up Petitions out of Jurisdiction on Unregistered Foreign Companies: Principles Clarified
Justine T. K. Lau, Edmund M. S. Ma, Richard M. Tollan; Mayer Brown JSM;
Legal Alert/Article
December 5, 2014, previously published on November 14, 2014
Under Hong Kong law, the courts’ jurisdiction is ordinarily territorial in nature. A plaintiff or applicant has to obtain permission (“leave”) of the court before it can validly serve a writ or other document initiating a legal action on a defendant or respondent located outside...

 

HTMLThink Twice before Seeking Remedies: The "Fork in the Road" Clause of International Investment Arbitration under BITs/MITs with China
Patrick Chen; Lee Tsai Partners Attorneys-at-Law;
Legal Alert/Article
December 2, 2014
In June 2014, the International Center for Settlement of Investment Disputes (ICSID) rendered an unpublished decision (reported in Global Arbitration Review and Investment Arbitration Reporter), holding that since the H&H Enterprises Investments, the US investor referring its disputes to...

 

HTMLWho Decides the Issue of Class Arbitration?
Ameneh K. Ernst, Spencer C. Skeen; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
Legal Alert/Article
November 28, 2014, previously published on November 24, 2014
Two districts of the California Court of Appeal recently issued significant decisions on arbitration agreements. In a published case, the Fourth Appellate District of the California Court of Appeal held that if the arbitration agreement is silent on whether the agreement allows for class or...

 

HTMLAgricultural Cooperative Antitrust Litigation Continues to Mushroom
Don T. Hibner; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
November 28, 2014, previously published on November 3, 2014
Pennsylvania District Court certifies five year ruling for interlocutory appeal, that mushroom cooperative is not immune from antitrust claims based upon “advice of counsel” argument. In Re Mushroom Direct Purchaser Antitrust Litigation, Case No. 2:06-cv-00620, (E.D. Pa. October 17,...

 


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