Photo: Philip Stephen/blueg
Two oil and gas companies clashed in federal court in Texas over whether a contract between them was obtained through alleged bribery, revealed through “Operation Car Wash,” a massive public corruption investigation in Brazil.
May 24, 2019 at 10:03 AM
1 minute read
The original version of this story was published on Texas Lawyer
A federal court in Houston has confirmed a $734 million arbitration award in a case between two oil and gas companies that clashed over whether a contract between them was obtained through alleged bribery, revealed through “Operation Car Wash,” a public corruption investigation in Brazil.
The award in the case, Vantage Deepwater Company v. Petrobras America Inc., comprises a $622 million award and $112 million in interest, according to the May 22 final judgment.
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