A very odd set of facts recently came out of a recent legal dispute between Vantage Drilling, a Houston-based drilling contractor, and Brazil’s state-owned oil company Petrobras.

Vantage Drilling successfully pursued a $622 million breach-of-contract claim against Petrobras for its failure to pay Vantage for services delivered. The award was made in a private arbitration, the preferred mechanism for settling such international commercial disputes.

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Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...