In February 2011, MC signed a long-term cooperation agreement with SBM, to jointly pursue FPSO lease and operate projects worldwide, and this unit will be the first milestone project for this long-term cooperation. MC will continue to expand its FPSO business worldwide, mainly in Brazil, based on the long-term cooperation with SBM.
Brazilian prosecutors have questioned how companies can claim privilege over the contents of internal interviews when lawyers have given interviewees Upjohn warnings.
The decision references the fact that SBM Offshore is headquartered overseas and that recovery from the Company of any damages may depend on international legal cooperation and (un)availability of assets in the future. Before taking a decision on the amounts to be withheld, the judge requested more information from Petrobras and the Company. SBM Offshore's Brazilian subsidiary subsequently ...
Brazil's anti-corruption agency yesterday published the recording of an interview with a key witness in the SBM Offshore investigation. In it, Brazilian officials say that both Dutch prosecutors and SBM Offshore underestimated the authority's capabilities.
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SBM paid $240 million to Dutch authorities in 2014 to settle the Latin American bribery case and had set aside another $280 million last year to settle related issues in Brazil.
Fully dedicated to the Brazilian Oil and Gas market, SBM Offshore has now strengthened its capacity for project execution locally by investing in the project office in Rio de Janeiro and a new construction yard near Rio de Janeiro.
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The cooperation with JAMIPOL Company extends the Indian market, enhances the celebrity of our band and has a far-reaching influence on the development of SBM. SBM Committed to Industrial -- Top Ten Annual Events of SBM in 2014 Last
Brazil frustrated by lack of Dutch cooperation in SBM … Brazil's anti-corruption agency has published the recording of an interview with a key witness in the SBM Offshore investigation. Brazil's anti-corruption agency has published the recording of an interview with a key witness in the SBM Offshore investigation.
SBM Offshore, the world's largest provider of FPSO units, entangled in a bribery case investigation with Petrobras in Brazil, has denied media reports claiming the company has reached a settlement with the country's authorities.
SBM Offshore Reaches Resolution with the U.S. … The Company has signed a Deferred Prosecution Agreement ("DPA") with the U.S. Department of Justice ("DoJ") resolving the reopened investigation into the Company`s legacy issues and the investigation into the Company`s relationship with Unaoil As part of the overall resolution, SBM Offshore USA ...
The global oil industry has been turned upside down by the publication of the Unaoil Papers. Vrij Nederland took an exclusive look at the emails and discovered SBM Offshore is involved in yet another huge oil corruption affair.
SBM Offshore announces that it has signed a Shareholders' Agreement with Naval Ventures Corp. (a member of Synergy Group) under which the two companies will cooperate and work together through one or more special-purpose entities in order to: – jointly develop and operate a yard and a FPSO
SBM paid bribes to at least three officials from Petrobras — all through an intermediary "who provided sales and marketing services to SBM in Brazil" and owned several Brazil-based oil and ...
Brazil frustrated by lack of Dutch cooperation in SBM Offshore. The Latin American Corporate Counsel Association brings together leading in-house counsel working in the region, building on Latin,
Alongside Mace, another SBM Offshore executive, Robert Zubiate, pleaded guilty to FCPA violations in Brazil. Meanwhile, The DOJ obtained guilty pleas from four …
As highlighted in this prior post, in 2014 Netherlands-based SBM Offshore resolved a $240 million Dutch law enforcement action alleging improper payments to sales agents and foreign government officials in Equatorial Guinea, Angola and Brazil between 2007 through 2011.
SBM Offshore announces it has signed a Shareholders' Agreement with Naval Ventures Corp. (a member of Synergy Group) under which the two companies will cooperate and work together through one or more special-purpose entities in order to:
The mathematical societies of Brazil (SBM and SBMAC), and France (SMF and SMAI) have decided to bring together mathematicians from the two countries, especially young researchers, to consolidate and renew the cooperation established over the years, The meeting will take place at IMPA, Rio de Janeiro, July 15-19, 2019.
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Brazil frustrated by lack of Dutch cooperation in SBM Offshore. Brazil's anti-corruption agency yesterday published the recording of an interview with a key witness in the SBM Offshore investigation.
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Much ink has been spilled celebrating the extraordinary crackdown on corruption in Brazil over the past few years (including on this blog). Headlined by the massive Operation Car Wash (Portuguese: Lava Jato)—in which officials received nearly $3 billion in bribes to overcharge Petrobras, Brazil's state-controlled oil company, for ...