Petrobras Says Fraud Claims Over $821M Deal Not Barred

Law360, Houston (December 3, 2019, 8:24 PM EST) -- A state court judge misinterpreted the scope of a 2012 settlement between Petrobras America and Astra Oil Trading NV over a dispute involving an $821 million refinery deal when it ruled Petrobras couldn’t bring claims alleging fraud, the company has told a Texas appellate court.

Petrobras and Astra were back before the Fourteenth Court of Appeals in Houston on Tuesday for the second time since Oct. 29. This time, Petrobras is challenging the district court’s ruling that it had agreed not to pursue any claims against Astra.

In October, the parties were arguing over whether a district court judge had authority to halt arbitration...

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