Region: Brazil

Brazilian retailer brings claim over billion-dollar fraud

One of Brazil’s largest retail chains says it is pursuing claims against four former executives after entering insolvency following its disclosure of a billion-dollar accounting fraud.

14 March 2025

Petrobras wins another dispute with investors over Lava Jato

Brazil’s state-run oil and gas company Petrobras says it has defeated another arbitration brought by foreign shareholders in the wake of the Lava Jato corruption scandal.

13 January 2025

New ICC claim in Brazilian pulp saga

A Canadian paper group has filed a new ICC arbitration worth US$3 billion against companies controlled by Brazil’s Batista brothers over their alleged failure to comply with an earlier award mandating the sale of a pulp producer.

09 January 2025

Petrobras hit with ICC claim over subsea pipelines

The buyer of a Brazilian onshore oilfield has brought a US$71 million claim against Petrobras over the state-run company’s alleged failure to complete repair works on subsea pipelines essential to the project.

07 January 2025

DLA Brazil team launch new firm

The former co-head of DLA Piper’s Latin American arbitration practice João Marçal Martins is part of a team that has broken away to form a new Brazilian firm.

07 January 2025

“Threatened” arbitrators resign from Brazilian pulp dispute

Leading Spanish arbitrator Juan Fernández-Armesto and a co-panellist have resigned from a fraught ICC dispute over the billion-dollar sale of a Brazilian pulp producer – saying they have been threatened with criminal prosecution by the respondent and its external lawyers.

26 September 2024