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FINANCIAL EXPRESS FRONT PAGE

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Monday, July 5, 1999

Oil shock again
When oil exporting nations, led by west Asian producers, announced their decision in March last to cut crude output, the rest of the world did not believe them.

SAIL at sea
Trade union opposition to SAIL's downsizing is not surprising. Hiving off the steel giant's non-core businesses will not mean only a transfer of ownership; jobs will be axed.

Shareholders, corporates and arbitration
Can corporates and shareholders resolve any and all of their internal disputes by arbitration? Similarly, can arbitration be used for disputes between groups of shareholders or between shareholders and directors?



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