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

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

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…

Read More