A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a US judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be s
Acting on a request from the central government in Iraq, a US judge has signed an order telling the US Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the coast of Texas, court filings showed early on Tuesday.
Bahrain-based Arcapita Bank, an international investment firm, has announced the filing of an amended consensual plan of reorganisation which seeks to "maximise recoveries to creditors and other stakeholders".
A unit of Bahrain investment house Arcapita has filed for bankruptcy protection in the US, the company said in a statement.
Falcon Gas Storage Company, a non-operating subsidiary of Arcapita, also intends to file a motion for joint adminis
Facebook, which runs the world's largest social networking website, has won a court ruling rejecting a bid by thousands of advertisers to sue the company as a group for overcharging them.
US District Judge Phyllis Hamilton in Oakland, Cali
Russia criticised a US court on Friday for sentencing Russian arms dealer Viktor Bout to 25 years in prison, calling the ruling groundless and politically motivated.
"The American judicial system, carrying out an obvious political order, i
A lawsuit brought by former employee Peter Barker-Homek against Taqa (Abu Dhabi National Energy Company) has been dismissed by a US court, the company announced today.
The Opinion and Order, issued on September 28 by US District Cou
Kuwaiti logistics firm Agility said it was committed to resolve the dispute with the US Department of Justice (DoJ), following an adverse ruling last week, the firm said in a statement on Sunday.
'The company continues to believe the c
Kuwaiti logistics firm Agility's court hearing for its US fraud case has been rescheduled for January 29 at 10:30 am Eastern time (1530 GMT), the company's spokesperson said
In November, Agility was accused of overcharging the US
Kuwaiti logistics firm Agility said on Wednesday a court hearing for its US fraud case has been scheduled for January 8.
In November, a US grand jury indicted Agility on charges of fraud and conspiracy alleging it overcharged the US Army o