New Brazilian oil law needs clarification, say lawyers
Lawyers say Brazil's proposed oil law needs cleaning up to avoid legal challenges. (Credit: tijmen)
As Brazil's government agrees to give away a greater share of future oil revenues to defeat a political standoff in Congress over proposed reforms to oil royalties, lawyers say the bill is 'dubious and silent' over how it will be applied to oil sharing contracts, as well as unconstitutional and unfair to oil producing states.
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