Region: Brazil
Brazilian contractor wins ICC award against PDVSA
An ICC tribunal has ordered Venezuela’s national oil and gas company PDVSA to pay around US$52 million to a Brazilian construction group for terminating contracts to build two gas processing facilities.
22 August 2023
Odebrecht affiliate fails to overturn Peruvian irrigation award
A court in Lima has upheld an UNCITRAL award that terminated an Odebrecht consortium’s concession to expand an irrigation system in Peru.
26 June 2023
Petrobras loses claim against Odebrecht
Brazil’s Petrobras has lost a US$162 million arbitration against the construction group formerly known as Odebrecht over alleged violations of a shareholders’ agreement for a petrochemicals company.
11 May 2023
Trinidad court overturns coastal highway award
A court in Trinidad and Tobago has set aside a US$126 million LCIA award won by a Brazilian contractor against the Caribbean state’s national infrastructure company – finding that the tribunal made conclusions that “no reasonable arbitrator” should have reached.
30 January 2023
Peru’s evidence in Odebrecht cases leads to rift with Brazil
Brazilian prosecutors have reportedly suspended cooperation with Peru on high-profile corruption investigations because of concerns about the state’s use of evidence in arbitrations relating to Odebrecht projects.
24 November 2022
Brazilian chamber to hear telecoms M&A dispute
Leading telecoms groups Telefónica, América Móvil and TIM have launched arbitration against troubled Brazilian operator Oi to slash the US$3.1 billion price they agreed to pay for its mobile assets.
05 October 2022
Brazilian pulp award survives hacking allegations
A Brazilian court has upheld an ICC award in an acrimonious dispute over the multibillion-dollar sale of a pulp producer, dismissing allegations the procedure was tainted by a cyberattack and a conflict of interests and awarding US$114 million in legal fees to the winning side.
04 August 2022
Brazilian billionaire’s New York assets frozen
A federal court in New York has attached the assets of one of Brazil’s wealthiest men at the request of an infrastructure group trying to enforce a US$41 million award issued in an arbitration in São Paulo.
01 August 2022
Singapore company announces win against telecoms partner
A Singaporean technology company says it has won a favourable AAA award against its former partner in a Brazilian mobile network.
21 July 2022
Trinidad state entity liable over highway project
A Brazilian contractor has won a US$126 million LCIA award against Trinidad and Tobago’s national infrastructure company in a dispute over a coastal highway project.
23 May 2022