Camargo Corrêa receives record fine for role in Petrobras scandal
Brazilian construction conglomerate Camargo Corrêa has received a reduced fine of US$29.9 million and agreed to pay US$200 million in compensation to three state-run energy companies, after it admitted to Brazil’s antitrust authority CADE that it took part in a cartel fixing bids and contracts with state-run energy company Petrobras – the first cease-and-desist agreement signed in connection with Operation Lava Jato and the largest fine demanded under such a deal.
To read more
Subscribe to Latin Lawyer
Subscribe and start reading now
Latin Lawyer is your definitive source of news, analysis, and research from the Latin American legal community. It keeps you up to speed with the issues and trends that matter and provides the data and tools you need to operate successfully.