It's the law. (Panorama).LABOR A U.S. judge dismissed a lawsuit that sought to recover as much as US$1 billion in wages for Mexicans who worked in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. under a special program during World War II. The laborers, known as braceros, said their wages were supposed to be deposited in accounts for them--but they never saw any of the money. The Mexican and U.S. governments and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank were named in the lawsuit. The braceros were expected to refile their lawsuit in the United States. ENERGY Two U.S. surety companies must pay Petrobras subsidiaries Braspetro and Brasoil more than US$300 million, a U.S. District Court ruled. U.S. Fidelity & Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Co. and American Insurance Group wrote bonds worth $275 million on high-tech Brazilian projects to convert oil-drilling rigs and production ships. But the insurance companies refused to pay the bonds when cost overruns caused the projects to be abandoned in 1997. BANKING Brazil's Banco Excel Economico filed a US$346 million suit against U.S. accounting company Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , accusing it of conspiring with Banco Bilbao Vizcaya Argentaria, a Spanish banking giant, and two Brazilian government officials. The lawsuit says Andersen and BBVA BBVA Banco Bilbao Vizcaya Argentaria (First Bank of Spain) wrote a report undervaluing Excel, which BBVA was trying to buy. CORRUPTION Mexican bottled propane propane, CH3CH2CH3, colorless, gaseous alkane. It is readily liquefied by compression and cooling. It melts at −189.9°C; and boils at −42.2°C;. gas distributor Thermogas filed a lawsuit claiming a government official broke the law by taking a job at Tractebel just months after giving the Belgian energy company a contract. Energy Regulatory Commission President Hector Olea resigned five months after his five-member commission awarded Tractebel a contract to expand natural gas distribution in Guadalajara and, the lawsuit says, took a job with Tractebel in Houston. Olea, who denies the charges, is currently president of Tractebel in Mexico. AVIATION Argentine airline Southern Winds sued Aerolineas Argentina after Aerolineas asked Argentina's Transportation Ministry to halt Southern Wind flights from Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. to Miami. The lawsuit says Aerolineas took the action even though it knew Southern Winds had proper U.S. and Argentine authorizations. Southern Winds says the move was part of a campaign to discredit it. SOURCE: National Law center for Inter-American Free Trade (natlaw@natlaw.com); Translegal Inc. (translegal@earthlink.net) |
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