EIG Energy Fund XIV, L.P. v. Petroleo Brasileiro, S.A.
Court of Appeals for the D.C. Circuit
1Opinion of the Court
Dissenting opinion filed by Senior Circuit Judge Sentelle.
Karen LeCraft Henderson, Circuit Judge:
In 2012 and 2013, an American investment fund sank $221 million into what seemed like a sure bet: buying equipment to extract a massive, newly discovered reserve of undersea crude oil off the coast of Brazil. Brazilian politicians and corporate executives also saw an opportunity and set up a scheme to make illegal use-including payment of bribes and kickbacks-of investors' money. The eventual revelation of the corruption produced the largest political scandal in modern Brazilian history. In light…
Also in this document: Dissent.
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