Topic: Fraud and forgery

Fraud suit against Petrobras clears hurdle

A Dutch court has refused to throw out a class action brought on behalf of investors in Petrobras who suffered losses as a result of the “Lava Jato” corruption scandal – holding that an arbitration clause in the Brazilian company’s articles of association does not preclude the lawsuit.

25 September 2018

Glovemaker M&A prompts fraud claim in Singapore

A listed Malaysian manufacturer of rubber gloves has launched a SIAC arbitration alleging it was defrauded into making a US$340 million acquisition earlier this year.

11 July 2018

Conoco targets proceeds of PDVSA fraud litigation

US energy multinational ConocoPhillips has accused Venezuela’s state-run oil company PDVSA of fraudulently trying to shield the potential proceeds of a billion-dollar fraud litigation in Florida from the reach of its arbitral creditors.

09 July 2018

Mexico faces claim over fraud investigation

A Singaporean marine services provider has filed an investment treaty claim against Mexico after vessels belonging to its subsidiary were seized as part of a fraud investigation targeting one of Latin America’s largest oil services companies.

08 May 2018

Debevoise censured over “fraud” in casino dispute

A SIAC tribunal has censured Debevoise & Plimpton and its Texan co-counsel for making misrepresentations in a dispute over the sale of a casino in Laos, it has emerged.

02 February 2018

Indian property tycoon cleared of fraud

An LCIA tribunal in Singapore has rejected a claim for £450 million against one of India’s largest property developers, billionaire Niranjan Hiranandani, who was accused of making fraudulent misrepresentations leading to failed investments in four Indian township projects.

09 August 2016