Organisation: Petrobras

A Dutch court has reversed its decision to exclude certain claimants from a class action brought on behalf of investors in Petrobras who suffered losses due to the Lava Jato corruption scandal - after it emerged the Brazilian company had taken conflicting positions on the applicability of an arbitration clause.

18 June 2021

An Argentine-owned energy company is bringing an UNCITRAL claim against Ecuador over the termination of contracts to exploit Amazonian oil projects, a dispute that has already given rise to a US$515 million award against the state.  

01 April 2021

A subsidiary of Brazilian construction group Odebrecht has reportedly settled an ICC arbitration with Mexico’s state oil company Pemex over an ethane supply contract for a US$5.2 billion petrochemical complex.  

10 March 2021

The US Supreme Court yesterday refused to hear Petrobras’s appeal against the confirmation of an ICDR award that required it to pay an offshore drilling company for terminating a contract allegedly procured through bribery.

23 February 2021

A tribunal at the Permanent Court of Arbitration has found that Venezuela discriminated against an Occidental Petroleum subsidiary over the distribution of dividends from an oil and gas venture – but dismissed all other claims.

22 February 2021

Brazil’s national oil and gas company Petrobras has asked the US Supreme Court to halt the enforcement of an ICDR award that required it to pay US$700 million to an offshore drilling company for terminating a contract allegedly procured through bribery.

03 February 2021

Brazil's Petrobras has been ordered to pay damages in a US$570 million ICC dispute over an offshore oil and gas project after it "effectively abandoned" allegations that the claimant had engaged in bribery and bid-rigging.

29 January 2021

A subsidiary of Brazilian construction group Odebrecht has launched an ICC claim against Mexico’s state oil company Pemex under a supply contract for a US$5.2 billion petrochemical complex.

28 January 2021

Brazil’s Petrobras has launched an arbitration against Odebrecht seeking US$154 million in damages over alleged violations of a shareholders’ agreement for a petrochemicals company.

29 December 2020

Hughes Hubbard & Reed’s co-chair of international arbitration John Fellas is leaving the firm after 32 years to launch a new practice as an independent arbitrator. 

16 December 2020