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US court dismisses claims against Keppel, Sembcorp in Petrobras suitUS court dismisses claims against Keppel, Sembcorp in Petrobras suit
A US court has ruled in favour of Sembcorp Marine and Keppel Offshore & Marine in a lawsuit filed by EIG Management against Brazilian state oil firm Petrobras.
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Kalyakan - stock.adobe.com
Keppel Corp, Keppel Offshore & Marine, Sembcorp Marine and Jurong Shipyard had been named as defendants in suit bought by EIG Management against Petrobras over its investments in Sete Brasil, which are embroiled in a huge corruption scandal.
The US District Court of Colombia dismissed the claims against the Singapore companies which had major contracts with Sete Brasil.
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