Many of the existing investment treaties were concluded at a time when such agreements had yet to be invoked and interpreted. This paper may help to explain why so many treaties have been drafted in vague, open-ended terms, with a striking absence of safeguards and exceptions. Parliamentary hearings such as...
LOS ANGELES -- An arbitration tribunal constituted under the France-Dominican Republic Bilateral Investment Treaty released an award last week ruling on the jurisdictional objections raised by the Dominican Republic in a claim brought by TCW and its parent company. The claim involves an investment in EDE ESTE, an electric distribution...
Secretary of State Rice arrived in New Delhi on Oct. 4 to finalise details of a land-mark nuclear trade agreement and a long-term strategic alliance between the US and India. The US Congress approved the deal on Oct. 1, ending a three-decade ban on American nuclear trade with India and...
PARIS AFP — Wall Street's sickness and its contagiousness for the world economy are bad news for the already faltering effort to craft a new pact to tackle climate change. Tighter budgets, shrinking corporate profits and worries about jobs could crimp manoeuvering room at upcoming UN talks on...
MILWAUKEE, Sept. 26 /PRNewswire-FirstCall/ -- MGIC Investment Corporation's primary subsidiary, Mortgage Guaranty Insurance Corporation ("MGIC"), announced today that effective January 1, 2009 it will no longer cede new business under excess of loss reinsurance treaties with lender captive insurance companies. Loans reinsured through December 31, 2008 will run off...
HAMILTON, Bermuda -- Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced preliminary estimates of claims for Hurricanes Gustav and Ike range from approximately $35 million to $50 million, net of reinstatement provisions. Max Capital's loss estimates are based on its proprietary modeling analysis, the assessment of individual...
MONTERREY, Mexico -- CEMEX, S.A.B. de C.V. (NYSE: CX) announced today that it will submit a complaint seeking international arbitration before the International Center for Settlement of Investment Disputes following the Venezuelan Government's confiscation of assets, deprivation of rights of CEMEX Venezuela as well as the initiation of the expropriation...
Ternium S.A. (NYSE: TX) announced today that,following the expiration of the term for the negotiation of the conditionson which all or a significant part of Ternium's interest in Sidor will betransferred to the Republic of Venezuela, the negotiations with theVenezuelan government are still under way. Ternium continues to reserve all...
MONTERREY, Mexico AFP — Mexican company Cemex late Wednesday decried as unlawful moves by Caracas to nationalize its Venezuelan operations, and vowed to seek international arbitration in the case. "Cemex believes the confiscation and subsequent start of the expropriation process is a flagrant violation of the Constitution, Law...
Thirty of the nation's largest trade associations, business and financial organizations have commended President Bush's decision to negotiate a new "Bilateral Investment Treaty" with China. Such a treaty, if signed, "will help promote our broader national and economic interests and, importantly, send a signal to all our trading partners that...
FAIRFAX COUNTY, Va. -- Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority FCEDA, has been granted a prestigious Fulbright Award to develop recommendations on building a skilled employment base in northern Scotland when a nuclear power plant closes. Gordon...
WASHINGTON AFP — The United States is becoming increasingly protectionist and risks losing its economic leadership position in Asia to China, an official of President George W. Bush's administration warned on Monday. "It is ironic that in the 21st century, America is turning inward, uncertain whether...
Vodafone won a crucial victory in the High Court yesterday in a 2bn dispute with the Government over its tax liability from an overseas subsidiary. Mr Justice Edward Evans-Lombe ruled against government claims that the mobile phone giant's Luxembourg holding is a "controlled...
Four Days Ahead of Summit, New Report Examines Progress of G8 Countries toward Addressing Climate Change WASHINGTON -- In advance of next week's G8 summit in Japan, World Wildlife Fund WWF has released a new report examining the progress of each of the G8 countries...
Pacific Rim Mining Corp. ("Pacific Rim" or "the Company") (TSX: PMU)(AMEX: PMU) has taken the first steps toward reducing its El Salvador work force in preparation for a slow down in exploration and investment activity on its El Dorado, Santa Rita and Zamora-Cerro Colorado gold projects in El...
PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that it expects to release financial results for the second quarter ended June 30, 2008, on Monday, August 4, 2008, after the close of the financial markets. John Charman, CEO and President,...
UNITED NATIONS -- Global investors plowed $148 billion into new wind, solar and other alternative energy assets last year, in what the United Nations describes as a "green energy gold rush" gaining speed the last several years. The spike in investment -- 60...
Although it ended with a bang - recognition of an individual Second Amendment right to own guns - the just-concluded U.S. Supreme Court term is not easy for Oklahoma court watchers to characterize. Business won some important rounds, but did not carry the...
WANT TO SUBSCRIBE? A 7-day subscription by carrier in Shawnee County is $14.84 + tax per month, a 6-day (Monday- Saturday) subscription by carrier is $10.38 + tax per month, a 5-day (Monday- Friday) subscription by carrier is $9.91 + tax per month,...
WANT TO SUBSCRIBE? A 7-day subscription by carrier in Shawnee County is $14.84 + tax per month, a 6-day (Monday- Saturday) subscription by carrier is $10.38 + tax per month, a 5-day (Monday- Friday) subscription by carrier is $9.91 + tax per month,...
Articles 2008-07-01
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