Saturday 1 October 2016
 
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Settlement

GulfNav, NAT sign new settlement deal

Gulf Navigation Holding (GulfNav) and Nordic American Tankers (NAT) have signed a new settlement agreement and the long standing debt that GulfNav owed to NAT has now been settled fully and finally pursuant to the terms, a statement said.

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GulfNav, NAT sign new settlement deal

Gulf Navigation Holding (GulfNav) and Nordic American Tankers (NAT) have signed a new settlement agreement and the long standing debt that GulfNav owed to NAT has now been settled fully and finally pursuant to the terms, a statement said.

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Malaysia Airlines settles damages with MH17 victims

Malaysia Airlines has struck a deal to settle damages claims for most victims of its MH17 flight that was shot down over eastern Ukraine two years ago on Sunday, Dutch national broadcaster NOS reported. NOS cited Veeru Mewa, a law

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JPMorgan in $388m damages settlement deal

JPMorgan Chase & Co agreed to pay $388 million to settle a suit by investors claiming that the largest US bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisi

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Egypt bourse to move to next-day settlement

Egypt's stock exchange will soon move to next-day settlement of trades, the bourse chairman said on Sunday, a move that it hopes will increase activity and liquidity on the exchange. The securities regulator "will issue a

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Ahab agrees terms with debt restructuring committee

Ahmad Hamad Algosaibi & Brothers (AHAB) has agreed terms of engagement with the steering committee established to facilitate settlement discussions and negotiations with an overwhelming number of financial institutions with claims against th

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Bank of America agrees $16.65bn settlement

Bank of America Corp has reached a $16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the US Department

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F1 boss agrees to $100m settlement

A German court on Tuesday halted a bribery trial against Bernie Ecclestone in exchange for his paying a $100 million fee, under the terms of a settlement agreed by prosecutors and the chief executive of Formula One. Such an agreem

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J&J to pay $2.2bn to end US drug probes

In one of the largest health care fraud settlements in US history, Johnson & Johnson will pay $2.2 billion to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, US Att

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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