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  • Brazil’s Petrobras faces legal risks after halting asset sales -lawyers
    Business Lawyer

    Brazil’s Petrobras faces legal risks after halting asset sales -lawyers

    March 5, 2023 /

    RIO DE JANEIRO, March 3 (Reuters) – Petrobras (PETR4.SA) could experience lawsuits for breach of agreement soon after the business halted prepared asset sales at the ask for of Brazilian leftist President Luiz Inacio Lula da Silva’s federal government, expert lawyers reported on Friday. Petroleo Brasileiro SA, as the state-controlled enterprise is formally recognized, was requested this 7 days to halt for 90 times divestitures worthy of extra than $2 billion, with the authorities saying it was reevaluating the country’s nationwide electrical power coverage. Lula appointee Petrobras Main Govt Jean Paul Prates advised reporters on Thursday “every thing is halted for evaluation.” Petrobras has nevertheless to formally ensure its determination…

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    Nicholas Allbright Comments Off on Brazil’s Petrobras faces legal risks after halting asset sales -lawyers

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