Region: Brazil

Tribunal challenged over alleged cyber-attack in Brazil pulp case

Further explosive allegations have emerged of a cyber-attack in a multibillion-dollar ICC dispute over the sale of a Brazilian pulp maker as the respondents challenge the entire tribunal, arguing it has been “irreparably compromised."

29 April 2021

Brazilian pulp award leads to cyber hack challenge

A São Paulo court has stayed a partial award in a multibillion-dollar ICC dispute over the sale of a pulp maker while it considers allegations that the arbitration has been tainted by cyber hacking.

12 April 2021

Odebrecht venture settles ethane dispute with Pemex

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

PDVSA fails to overturn Chinese state entity’s award

A Dutch court has upheld a Chinese state-owned company’s US$70 million ICC award against a subsidiary of Venezuela’s national oil and gas company PDVSA, dismissing arguments that the parties had not agreed to consolidate claims under multiple contracts.

09 March 2021

ICC orders Brazilian pulp deal to proceed

An ICC tribunal has ruled that a company owned by two controversial Brazilian brothers must proceed with the multibillion-dollar sale of a pulp maker to a business run by one of Asia’s wealthiest families.

05 February 2021

Petrobras liable over offshore oil platforms

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

Claimants clash as details of Brazil mega-case emerge

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

Mega-claim against Brazil to proceed

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

Telecom Italia defeats bid to revive US$15 billion claim

An ICC tribunal has rejected a private equity group’s bid to revive a US$15 billion claim against Telecom Italia, dismissing allegations that the respondent had withheld evidence decisive to the case.

10 September 2020

Settlement bars Petrobras claim over refinery bribes

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

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