Word: settlements
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Dates: during 1980-1989
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...Nixon and Ford Administrations has maintained a whirlwind pace ever since his controversial appointment by President Reagan last month. He has conferred with congressional leaders and huddled with the top-ranking diplomats of Mexico, Panama, Colombia and Venezuela, the so-called Contadora group that is seeking a negotiated settlement in the region. He has also talked with the envoys of all the Central American nations involved in the conflict, including the new ambassador from the U.S.-opposed Sandinista regime in Nicaragua. But, amid all the activity, Kissinger still found time to settle the critical issue of where his car would...
...insistence, but policymaking power remained at the State Department in the hands of Thomas Enders, Assistant Secretary for Inter-American Affairs. Enders tried to balance military moves with more emphasis on political and economic initiatives. Under congressional pressure, he even paid lip service to the possibility of a negotiated settlement with the leftist guerrillas in El Salvador...
Foreign bonds are riskier because it is difficult to force payment or arrange settlements. The Wall Street firm Carl Marks & Co. is still fighting a class-action suit against the People's Republic of China to recover losses from Hukuang Railroad bonds issued by the imperial Chinese government in 1911. Last year a U.S. district court in Alabama ordered China to cough up to U.S. bondholders the unpaid principal plus the interest that has been mounting at 5% annually, a total of $41.3 million. Marks also has two suits against the Soviet Union involving $75 million in dollar-denominated...
...family elders often still handle matters like inheritance. Local police stations actively work to resolve neighborhood and domestic disputes (see box). The system of chotei (mediation) handles serious confrontations like divorce by having litigants and their lawyers meet with court-appointed masters who hear both sides and recommend a settlement...
...inexpensive and nearly invisible legal-services network, dealing with ordinary tax, patent, administrative and real estate transactions. Nor do lawyers handle fender-bending auto accidents. Japanese insurance companies normally dispose of claims without resorting to the almost pro forma suits that many U.S. underwriters seem to demand before a settlement is made. A judge's ruling is sought only in extreme conditions if negotiation fails...