Stichting Petrobras Compensation Foundation is a Netherlands-based claim foundation (the “Foundation”). The Foundation aims to protect the interests of investors who purchased shares of Petrobras Brasileiro S.A. (“Petrobras”) and/or bonds issues by Petrobras and/or its subsidiaries. The Foundation only protects the interests of investors who traded in Petrobras securities outside the U.S.A. (e.g. investors who traded on the Bovespa (Brazil) Latibex Bolsa Madrid (Spain) and the Luxemburg Stock Exchange (Luxemburg)) and who suffered losses as a result of the long-running fraud and bribery schemes perpetrated by Petrobras, certain Petrobras group entities and (formerly) high ranking Petrobras officers.
In pursuing its aim, the Foundation works closely together with International Securities Associations and Foundations Management Company for Damaged Petrobras Investors (Bovespa) Ltd. and a coalition of international law firms, including Lemstra Van der Korst N.V., Motley Rice, Withers LLP, and Lowey Dannenberg Cohen & Hart.