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Do Keppel and SembMarine need to raise Sete Brasil provisions?

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The US$221 million lawsuit filed by US-based fund house EIG Investment in Washington is widely seen as the start of a series of litigation that companies in the US would be pursuing against Petrobras as they seek protection from the long arms of the Federal Corrupt Practices Act to recover their investments in Brazil.

THE US$221 million lawsuit filed by US-based fund house EIG Investment in Washington is widely seen as the start of a series of litigation that companies in the US would be pursuing against Petrobras as they seek protection from the long arms of the Federal Corrupt Practices Act to recover their...

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