In Class Action, Four Individuals Seek to Prevent Pre-salt Mega-auction

In the action, the plaintiffs allege that the rules are detrimental to public property and that there is no legal provision for the admission of new companies in the areas being auctioned.

RIO DE JANEIRO, BRAZIL - A class action brought by individuals seeks to prevent the pre-salt mega-auction, scheduled by the government for next Wednesday, November 6th. The action was brought in the Federal Court of São Paulo on Friday, October 30th, and seeks an injunction to suspend the bid.

In the action, the plaintiffs allege that the rules are detrimental to public property and that there is no legal provision . . .

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