Petrobras bribery claims barred by settlement
Petrobras alleged bribery in its purchase of a stake in the Pasadena refinery in Texas (Credit: Shutterstock/Trong Nguyen)
A US court has ruled that Brazil’s Petrobras is barred from pursuing bribery claims in an ICDR arbitration over the purchase of a US oil refinery under the terms of a decade-old US$820 million settlement.
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