Brazil Supreme Court Lets $12.6B Hydro Project Go Forward

Law360, New York (August 29, 2012, 10:01 PM EDT) -- Brazil's high court has overturned a lower court ruling that had again halted work on Belo Monte, a controversial multibillion-dollar hydroelectric power plant and dam project that faces strident opposition from indigenous peoples, project company Norte Energia SA announced Tuesday.

Workers in Brazil's northern state of Para were back on the job before dawn Tuesday thanks to a late-night ruling from the Federal Supreme Court hours earlier, according to a statement from Norte Energia, the consortium of private power companies, pension funds and investment firms that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.