Opinion ID: 8414534
Heading Depth: 2
Heading Rank: 5

Heading: The Action in Brazilian Courts

Text: Concurrent with its requests for interim relief from the ICC Paris, appellants also took additional actions in an effort to prevent SBT’s attempts to flout its contractual obligations. In particular, appellants sought an order in the Judicial Body of the State of Rio de Janeiro, Second District Court of Rio de Janeiro (the “Brazilian District Court”), against both SBT and Prime Carbon to prevent the departure of pig iron from Brazilian ports that had been purchased by Prime Carbon during the pendency of the ICC Paris arbitration. On March 22, 2010, the Brazilian District Court granted the preliminary order, finding that: “Postponing” the adoption of the measures (requested by [appellants]) can “realistically” cause them a serious, irreparable or hardly reparable damage, also taking into account the “uncertainty” regarding the current economic situation of [SBT and Prime Carbon], considering the “fraud” that might have been perpetrated' in the case at stake. App’x at 798 ¶ 73. SBT and Prime Carbon appealed the Brazilian District Court’s order to the Court of Justice, Thirteenth District Court of Rio de Janeiro (the “Brazilian Appeals Court”). On March 31, 2010, the Brazilian Appeals Court upheld the Brazilian District Court’s order because “it [wa]s certain that [SBT and Prime Carbon] d[id] not provide evidence to ‘prove’ that they have sufficient ‘means’ for ‘in theory’ honoring the mentioned debt (that appears to be ‘partly’ acknowledged).” App’x at 798 ¶ 74. During the week the appeal was pending, however, Prime Carbon left port with the pig iron cargo and appellants were thereafter unable to secure relief in the Brazilian action.