Post by xyz3600 on Feb 24, 2024 22:35:30 GMT -6
The United States Court of Appeals for the 2nd Circuit confirmed the approval of Petrobras' agreement with shareholders in that country. The agreement had already been approved by judge Jed Rakoff, but there was an appeal pending consideration. The agreed amount in the agreement, US$3 billion, was paid in January this year. reproduction US appeals court confirms approval of billion-dollar agreement signed by Petrobras with shareholders in that country With the decision, according to Petrobras, the agreement is no longer subject to legal questioning. Confirmation of approval was decided on August 30th and announced this Friday (6/9) by the state oil company. The agreement involves the payment of fines and compensation for the corruption scheme discovered in the “lava jet” operation.
It is a controversial decision because it involves Petrobras' double narrative in relation to the case. In Brazil, the company claims to be a victim of its former directors, who accepted bribes from construction companies to rig bids, and acts as an assistant to the prosecution in the “lava jet” cases. In the USA, it is said that corruption occurred because of weak internal inspection systems — although only it, and not the companies hired to carry out auditing and compliance , pays Middle East Mobile Number List the fines in the agreement.Thus, the chance to better clarify this issue and, thus, reduce legal uncertainty in this regard was lost. Another point of insecurity that the economic freedom law could have eliminated, regarding the economic imbalance of corporate businesses, refers to the doubts raised around the possibility of termination of those, in cases of consent vitiated by the injury.
The doctrinal opinion regarding the impossibility of verifying the use of business concluded by business entities is nothing new. Despite the express presumption of parity and asymmetry mentioned above, the economic freedom law does not give indications about the applicability of the rule contained in article 157 to business relations. Once again, the opportunity for specific regulation on this issue was missed.Given the likelihood of the operation being disapproved, the claimants withdrew from the operation one day before the judgment by the cade court; – in april, the cade court approved the acquisition of amcor limited by bemis company, inc[5] , which operate in the flexible and rigid packaging markets. The operation had been challenged by the general superintendence, which recommended signing an acc (including transfer of know-how to a competitor about to enter the market, passing on customers during a transition period.
It is a controversial decision because it involves Petrobras' double narrative in relation to the case. In Brazil, the company claims to be a victim of its former directors, who accepted bribes from construction companies to rig bids, and acts as an assistant to the prosecution in the “lava jet” cases. In the USA, it is said that corruption occurred because of weak internal inspection systems — although only it, and not the companies hired to carry out auditing and compliance , pays Middle East Mobile Number List the fines in the agreement.Thus, the chance to better clarify this issue and, thus, reduce legal uncertainty in this regard was lost. Another point of insecurity that the economic freedom law could have eliminated, regarding the economic imbalance of corporate businesses, refers to the doubts raised around the possibility of termination of those, in cases of consent vitiated by the injury.
The doctrinal opinion regarding the impossibility of verifying the use of business concluded by business entities is nothing new. Despite the express presumption of parity and asymmetry mentioned above, the economic freedom law does not give indications about the applicability of the rule contained in article 157 to business relations. Once again, the opportunity for specific regulation on this issue was missed.Given the likelihood of the operation being disapproved, the claimants withdrew from the operation one day before the judgment by the cade court; – in april, the cade court approved the acquisition of amcor limited by bemis company, inc[5] , which operate in the flexible and rigid packaging markets. The operation had been challenged by the general superintendence, which recommended signing an acc (including transfer of know-how to a competitor about to enter the market, passing on customers during a transition period.