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$70M Award To Petrobras Unit Must Be Nixed, NY Court Hears

By Caroline Simson ( September 10, 2025, 9:50 PM EDT) -- Brazilian entities embroiled in a dispute over cost overruns on a project to supply components for offshore oil platforms urged a New York federal court Wednesday to vacate a $70 million arbitral award, which they say has resulted in a "gross windfall" for a Dutch Petrobras unit....

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