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Settlement Agreements
PREVIEW: The CPR Institute and WestLegalEdCenter will present a hot-topics seminar this Friday, noon Eastern, on the effects of last week’...
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The guest for the 2011's first podcast is Jurriaan Braat, a partner in Omni Bridgeway Holding BV, a privately held consulting firm in the Hague, Netherlands, that provides helpits in collecting foreign debt, including judgments, and foreign arbitration awards.
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How much does being face-to-face have an effect on mediation?
It certainly could not have hurt in the current litigation and ADR attempt between hip hop legends Suge Knight and Kanye West.
The mogul and the rapper have been unable to settle a suit that was brought by Knight against West last year. Mediation was tried, over the telephone, but failed.
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Daniel Winslow, a Boston partner and litigator at international law firm Duane Morris LLP, and The International Institute for Conflict Prevention & Resolution (CPR Institute), are pleased to announce the rollout of a pilot program for the CPR Institute’s first model Economical Litigation Agreement (ELA), which is a new model contractual agreement that companies can use to limit litigation costs.
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Posted in: Arbitration, Arbitrators, Awards, Clauses, Corporate Counsel, Corporate Law Dept, Court ADR, Discovery, Negotiation, Punitive Damages, Settlement Agreements, Press Releases
A mediated settlement last week between American International Group Inc., and former CEO Maurice Greenberg, keeps mediator Layn R. Phillips, a partner in the Newport Beach, Calif., office of Irell & Manella, overseeing the matter, in a manner that looks more like an arbitrator. Phillips will decide legal fees that could range up to $150 million, and has potentially broad authority to resolve outstanding issues.
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Public Citizen, a Washington, D.C., nonprofit, yesterday released a "Forced Arbitration: Unfair and Everywhere,” advocating the ban of arbitration clauses in consumer contracts. The Sept. 14, 2009, report arrives as House Judiciary Committee’s Subcommittee on Commercial and Administrative Law holds a hearing this afternoon titled “Mandatory Binding Arbitration - Is it Fair and Voluntary?”
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AIG, former CEO Maurice R. Greenberg, and former CFO Howard I. Smith agree to arbitrate a chunk of the claims involved in the fight over liability over accounting irregularities that led in part to a government bailout of the insurer.
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A five-person arbitration panel awarded Ethiopia and Eritrea damages yesterday, ending eight years of litigation between the two countries.
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Why is U.S. justice so scary for the rest of the world? Why do European general counsel fear U.S. courts? It’s not just the juries and the punitive damages, according to Geoffrey C. Hazard Jr., a legendary University of Pennsylvania Law School scholar and ethicist, suggests that the problems with the U.S. court system are even deeper and more complex than its obvious features. “The [U.S.] civil law remedy of damages is regarded as a kind of offset or compensation adjustment,” says Hazard, for regulatory failure, and the lack of a social safety net.
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In front of the Senate Judiciary Committee at confirmation hearings this week, President Obama’s U.S. Supreme Court nominee, Sonia Sotomayor, has been grilled on her judicial philosophy, and has used the questioning, occasionally, to discuss the significance of resolving cases creatively, minimizing conflict, and judicial case management.
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