Region: Brazil

Brazilian distributor wins billion-dollar dispute with Hyundai

An ICC tribunal in Frankfurt has ruled in a billion-dollar dispute over a distributor’s right to import Hyundai cars to Brazil, ruling the Korean company had no basis for refusing to renew their contract for another decade.

26 July 2021

ICC rejects challenge over alleged cyber-attack

As a Brazilian court lifts a stay on an award in a multibillion-dollar M&A dispute, the ICC Court has rejected a bid to disqualify the entire tribunal based on an alleged cyber-attack.

14 July 2021

Brazilian airline’s award debtor seeks bankruptcy protection

A group of distressed investment funds have sought bankruptcy protection in New York to prevent a Brazilian airline from enforcing a decade-old ICC award worth US$60 million against their assets.

09 July 2021

Dutch court overturns ruling in Petrobras fraud suit

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

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

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