DRRT's Global Loss Recovery Blog

JBS Securities Arbitration in Brazil

Posted by Andres Cuyun on Mar 18, 2020 10:31:55 AM

On Thursday, March 12th, 2020, DRRT along with Brazilian co-counsel, Finkelstein Advogados, requested mandatory arbitration under the auspices of the Market Arbitration Chamber (“MAC”) of the B3, against JBS S.A. and other defendants (“JBS”) on behalf of ninety-five institutional shareholders seeking over BRL 1.4 billion ($280 mio) in compensation for damages caused by JBS’s illegal activities over the past decade. Pursuant to Article 49 of JBS’ bylaws the “Company [and] its shareholders…undertake to resolve through arbitration any dispute or controversy which may arise between them…before the Market Arbitration Chamber, under the terms of its Arbitrations Regulations”, leaving confidential arbitration as the only way to recover damages.

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Topics: Settlement, Arbitration, Brazil, shareholders, loss recovery, jbs

DRRT’s Managing Partner Speaks in Brazil on Investor Protection Opportunities in Brazil and Around the World

Posted by DRRT Client Relations on Aug 30, 2019 11:22:33 AM

DRRT’s Managing Partner, Alexander Reus, was invited to speak at the 17th Brazilian Congress of International Law and at The Center for Arbitration and Mediation of the Chamber of Commerce Brazil-Canada for presentations regarding investor protection in Brazil and around the world. He participated, along with Mr. Claudio Finkelstein and others, on a panel named “Shareholder Loss recovery: Arbitration vs. Litigation? Quo vadis?”.

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Topics: Arbitration, Brazil, law, shareholders