Global Investigations Review - The law and practice of international investigations

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Petrobras loses appeal in bribery dispute

By Sebastian Perry

20 July 2020

Petrobras loses appeal in bribery dispute Petrobras headquarters in downtown Rio de Janeiro. (Credit: iStock.com/dabldy)

A US appeals court has upheld an arbitration award that required Brazil’s Petrobras to pay over $700 million to an offshore drilling company for terminating a contract allegedly procured through bribery.