EDITOR'S NOTES | Issue 2-23

This week we review the appeals court’s decision in the Petrobras debacle, which first stunned the surety industry in 2002 for its $370 million award. Meanwhile, in November 2003, the sureties prevailed in their motion to enforce the indemnity agreements with the defaulted contractor, including payment of the sureties’ own $40 million attorneys’ fees, even while ... Log in to view the full text.