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International legal actions against Petrobras keep climbing

Monday, April 6th 2015 - 06:20 UTC
Full article 11 comments

One of Sweden’s largest investors has pledged to take direct legal action against Petrobras, becoming the third large investor to seek damages individually from the Brazilian oil group. Read full article


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  • Skip

    Bend over Brasileiro, this is your tax reais that will be leaving the country permanently.

    Apr 06th, 2015 - 08:14 am - Link - Report abuse 0
  • ChrisR

    The “Children who Rule” Brazil just cannot get why all the fuss is being raised.

    This is how things are done in SA and anybody who invests here needs to understand that. OK the amounts are huge, but so is Brazil! :o)

    Apr 06th, 2015 - 11:09 am - Link - Report abuse 0
  • Brasileiro

    I do not want to sound rude, but the amounts invested by these foreign funds are negligible by the standards of Petrobras and Brazil.

    Moreover, as my way of seeing the world is more to the left than to the right I believe the fewer there are financial links between South America and the West, less speculation and meddling in our internal affairs there will.

    Será que é tão difícil perceber que nós não queremos fazer parte do mundo de vocês? Essa ações legais só vem fortalecer nossa determinação.

    Apr 06th, 2015 - 11:39 am - Link - Report abuse 0
  • golfcronie

    You do not understand without investment you will not be able to service your debts. Are you not going to say that the companies that invested in Petrobras are “ vultures ” like your amigos in Argentina. If you invest in something you expect a return on your money. Maybe they don't do that in Brazil.

    Apr 06th, 2015 - 12:06 pm - Link - Report abuse 0
  • Conqueror

    @2. Another curious SA phenomenon. How many law suits against Petrobras now? Brasso claims the amounts are negligible. Has he figured in the damages as well as the amount of the losses? How long will Petrobras try to wriggle for? Interest. Legal costs? And in the New York legal system as well! Will Petrobras try a 'CFK'?

    Seems it's quite easy to file a legal suit. Didn't argieland threaten to prosecute UK oil companies? Wasn't that threat first issued in 2013?
    Hilarious. Where's the first law suit? Where's the first prosecution? How does argieland propose to get anyone inside argie jurisdiction? How many court judgments and orders does argieland currently ignore?

    Apr 06th, 2015 - 12:31 pm - Link - Report abuse 0
  • Pugol-H

    @3 Brasileiro
    If these law suits, filed in NY remember, come to fruition, it is likely to be expensive for Petrobras/Brazil by any standards.

    Might even be Judge Greisa presiding, vulture funds re-visited.

    Apr 06th, 2015 - 01:51 pm - Link - Report abuse 0
  • Captain Poppy

    Ohhhhhh the naivety of brasshole.

    BTW.......who wants to inform him/her of the hemisphere he resides in?

    This is the Real to the Dollar .32/1.00

    This is the Real on corruption .05/1.00

    Down down down down ....down down down and out:

    Sorry crayons or pictures nor wiki or even Youtube.........only objective financial news.

    Apr 06th, 2015 - 01:59 pm - Link - Report abuse 0
  • Jack Bauer

    @3 brasshole
    Don't worry, you don't sound sound IGNORANT. As I've said before, I see no advantage in Petrobras going down the drain, so what I'm going to say next is far from 'hoping for the worst' : You have a totally distorted image of the reality with regards to PB.......the company has lost 80% of its market value over the last 7 years, screwing shareholders - mainly Brazilian, and hundreds of thousands of workers who invested their FGTS in the company in 2001 - out of R$ 610 billion. To say this is negligible, is at the least, proof of how disconnected you are with reality.

    As to your “Será que é tão difícil perceber que nós não queremos fazer parte do mundo de vocês? ”, the answer is is easy to understand why you don't want to be part of the civilized world.....But DON'T think you are speaking for represent a small, insignificant, radical minority, which still hasn't understood, and probably never will, that no country today, can isolate itself from the rest of the world and survive.....
    Why don't you emigrate to Venezuela ? there you'll find the socialist paradise you've been looking for, already up and running.

    Apr 06th, 2015 - 04:07 pm - Link - Report abuse 0
  • Pugol-H

    @3 Brasileiro
    There’s an idea for you, emigrate to Venezuela.

    Many more “Great victories for the Revolution” there, and the country will be totally lost.

    All you will be able to hear is the laughter of Dalek yankeeboy.

    Apr 06th, 2015 - 04:24 pm - Link - Report abuse 0
  • Skip

    Isn't it amazing. Brasileiro like Nostrils reaches a certain point where he can hardly being himself to repeat all the lies and inconsistencies of his government.

    Where he can't ignore reality any longer.

    So he falls back on isolationism and xenophobia.

    Apr 06th, 2015 - 10:37 pm - Link - Report abuse 0
  • yankeeboy

    Its also amazing how different its English is depending on what day it is.
    Sometimes its readable
    Sometimes not

    Funny my English doesn't come and go with the wind or day.

    Anyhoo, PBR may have to be taken back to the State if they want to save it. I doubt it can survive as a public company once the lawsuits start.

    Apr 07th, 2015 - 02:01 pm - Link - Report abuse 0

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