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British Court Upholds Operation Car Wash Scandal Fee Award

Law360 (December 13, 2018, 4:01 PM EST) -- A British judge on Thursday upheld arbitration awards forcing a Brazilian entity whose owner was convicted of bribery in connection with the Operation Car Wash scandal to return consulting fees paid by a Marshall Islands drilling contractor whose business relationships imploded as a result of the scheme.

High Court Judge Sara Cockerill denied Hpor Servicos De Consultoria Ltda's bid to set aside March 2018 arbitral awards, saying the company hid from Greek shipping company Ocean Rig UDW Inc. the fact that Hpor owner Hamylton Pinheiro Padilha Junior was under investigation by Brazilian authorities. Padilha helped the deep sea driller secure lucrative...

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