Region: Brazil
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
Privy Council upholds Cayman enforcement decision
The UK Privy Council has upheld the enforcement of a Brazilian airline’s US$55 million ICC award in the Cayman Islands even though the arbitrators decided the case on the basis of a legal concept not pleaded by the parties.
19 May 2022
Steinmetz lawyers say Vale award may be reopened after fraud trial collapses
Beny Steinmetz’s eponymous mining company may seek to overturn a US$2 billion LCIA award in favour of Brazil’s Vale following the collapse of a related fraud litigation this week, the Israeli businessman’s lawyers have said.
17 February 2022
Malaysian state entity defeats Brazilian oilfield claim
A Brazilian energy company says an ICC tribunal has rejected its US$1.5 billion claim against a subsidiary of Malaysia’s national oil and gas company Petronas over its decision to pull out of a deal to acquire oil assets off the coast of Rio de Janeiro.
15 February 2022