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Contract News
M J Antony: Bureaucrats as arbitrators Arbitration clauses buried in bulky commercial contracts often carry the hidden virus of litigation, as seen in the number of disputes reaching the Supreme Court in recent times. The new arbitration law has not reduced the flow. Questions are frequently raised whether there was a consensual clause on invoking arbitration, whether the arbitrator was impartial or any other nit-picking argument of which
Commexes empowered to bar futures manipulation by entities in collusion
The Forward Markets Commis-sion has directed all national commodity exchanges to rework their net open positions — meaning futures contracts bought or sold but not settled through delivery
House panel recommends entry of banks, FIs in commodity exchanges
Highlighting the need for large players’ entry into commodity futures, Parliamentary standing committee on consumers affairs, food and public distribution has recommended banks and domestic
Promoter-heavy companies allowed placement route
Promoters holding above 75% can also use exchange window to pare stake.
Skanska to extend bay area rail line to San Jose
Swedish construction firm Skanska AB says its joint venture with Shimmick Construction and Herzog Contracting Corporation has won a $347 million (€268 million) contract to build an
Skanska to extend bay area rail line to San Jose
Swedish construction firm Skanska AB says its joint venture with Shimmick Construction and Herzog Contracting Corporation has won a $347 million (euro268 million) contract to build an extension to |
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