Braskem SA disclosed in its latest annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that the company in 2010, the company settled a Clause Four lawsuit through an agreement with the petrochemical employers’ union under…
Braskem SA disclosed in its latest annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that at December 30, 2010, the company has established provisions in an aggregate amount of R$282.7 million at December 31, 2010…
Braskem SA disclosed in its latest annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that at December 31, 2010, the company is involved in approximately 2,090 employment and occupational health and safety proceedings as to…
Braskem SA disclosed in its latest annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that a judicial court of first instance has granted the company a preliminary favorable ruling that suspends the ability of Brazilian…
Braskem SA and its affiliates are involved in several other judicial and administrative proceedings regarding withholding taxes, corporate income taxes (Imposto de Renda da Pessoa Juridica), the ICMS, the tax on financial transactions (Imposto Sobre Operacoes Financeiras), monetary adjustments, the…
Braskem SA disclosed in its latest annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that the company on December 30, 2010, a tax assessment notice was issued by the internal revenue department of the State…
At December 31, 2010, Braskem SA is a defendant in two civil suits filed by a former caustic soda distributor, its controlling shareholder and a former transporter for breach of a caustic soda distribution agreement.
The damages claimed in these suits…
Braskem SA still defends against filed by the Petrochemical Industry Workers’ Union of Triunfo (Sindicato dos Trabalhadores das Industrias Petroquimicas de Triunfo) alleging that the company had violated an agreement regarding payment of overtime at its Triunfo basic petrochemicals plant.
In…