A US appeals court has rejected the Abu Dhabi Investment Authority's (Adia) effort to void Citigroup's arbitration win in a dispute over a $7.5 billion investment in the bank less than a year before the 2008 financial crisis.
Abu Dhabi-based Al Ghurair Iron & Steel (AGIS) has won an arbitration award worth $4.36 million against JSW Steel Limited as a result of a breach of a contract by Ispat Industries (which is now been taken over by JSW Steel Limited).
An international arbitration centre based in Bahrain resolved around 24 cases with a combined value of BD79 million ($208.4 million) last year, a report said.
It brings the total number of claims handled by the Bahrain Chamber for
Core Consulting, a financial firm established in 2007 and run by two of Bahrain's most experienced bankers, has decided to specialise in management consultancy targeting middle-tier companies, said a report.
The firm's par
The Bahrain Chamber for Dispute Resolution (BCDR) took part in the Third World Islamic Banking Conference (WIBC) Asia Summit in Singapore which was attended by 450 leaders in international Islamic banking industry.
The BCDR's chief registr
Senior members of the Afghanistan Chamber of Commerce and Industry completed a three-day workshop on arbitration and mediation at the Bahrain Chamber for Dispute Resolution (BCDR-AAA).
The event was organised in association with the Americ
Around $500 million (BD189 million) has been claimed in 13 resolved cases by the Bahrain Chamber for Dispute Resolution in its first year of operation last year, an official has revealed.
This year the Bahrain Chamber for Dispute Resolutio
A senior delegation from the Bahrain Chamber for Dispute Resolution (BCDR-AAA) recently attended the annual conference of the International Council for Commercial Arbitration (ICCA) in Geneva, Switzerland.
The conference, aimed at expandin
Global Investment House, Kuwait's biggest investment bank, received two arbitration rulings in its favour on Thursday, sending shares higher after the bourse lifted a trading halt on the stock.
Global's shares closed 3.6 percent higher. Th