Organisation: Petrobras

After it emerged that a Petrobras shareholder is bringing an arbitration worth up to US$35 billion against Brazil over losses the state-owned oil company sustained following the Lava Jato corruption probe, another claimant has come forward to argue the shareholder is entitled to nothing. 

10 December 2020

An arbitral tribunal has reportedly upheld jurisdiction over a third-party funded claim worth up to US$35 billion brought against Brazil by a minority shareholder in Petrobras over losses the state-owned oil company sustained as a result of the Lava Jato corruption probe.    

25 November 2020

A Texas state appeal court has affirmed that Brazil’s Petrobras is barred from pursuing bribery claims in an ICDR arbitration over the purchase of a US oil refinery because of a settlement agreed eight years ago.

25 August 2020

The Nigerian National Petroleum Corporation (NNPC) has agreed preliminary settlement terms for a long-running tax dispute with two investors in an offshore oil and gas block that gave rise to a pair of under-the-radar arbitrations.

20 August 2020

A US appeals court has upheld an ICDR award that required Brazil’s Petrobras to pay over US$700 million to an offshore drilling company for terminating a contract allegedly procured through bribery.

17 July 2020

Grant Hanessian, the former global head of international arbitration at Baker McKenzie, has left the firm after 33 years to establish a practice as an independent arbitrator in New York.

02 July 2020

Shareholders in Brazilian beef packer JBS have filed for arbitration with the company and the billionaire brothers who control it, seeking US$280 million in damages caused by alleged illegal activities spanning a decade.

23 March 2020

Voting is now open for the GAR Awards 2020 after the publication of our final shortlist – the “most important decision” award.

25 February 2020

Korean shipbuilder Samsung Heavy Industries has won a US$320 million award against a US contractor over the termination of a contract for an ultra-deepwater drillship.

16 January 2020

Korean shipbuilder Samsung Heavy Industries has paid US$200 million to satisfy a London arbitration award in favour of an offshore drilling contractor, weeks after settling a related US investigation over bribes paid to former officials at Brazil’s Petrobras.

08 January 2020