Bloomberg Law
July 10, 2017, 9:31 PM UTC

Pemex Hires Hogan Lovells to Audit Contracts With Odebrecht

Bloomberg Media

By Adam Williams and Isabella Cota, Bloomberg News

Petroleos Mexicanos has hired the same legal representation used by Brazilian utility Eletrobras to audit its contracts with Odebrecht SA and affiliate Braskem SA amid an ongoing investigation into those two companies by the U.S. Department of Justice.

Hogan Lovells US LLP, which for the past two years has been leading an internal audit of state-owned Eletrobras related to the Carwash graft probe in Brazil, was hired to conduct an internal investigation of Pemex’s contracts with Odebrecht and Braskem, the Mexican oil company said in an emailed statement.

Pemex’s legal director, Jorge ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.