SBM庭外和解获法院批准

The Dutch floater giant revealed on 25 January that it reached an out-of-court settlement, on a no admission of guilt basis, with authorities following accusations against chief executive Bruno Chabas and supervisory board member Sietze Hepkema.

That settlement was, however, subject to approval by a Brazilian judge.

SBM said on Wednesday: “The company has now been informed that the judge has confirmed the settlement, effective 4 April, 2016.”

When accepting the settlement, both Chabas and Hepkema agreed to make a payment of 250,000 reais ($68,000 today), which SBM said would be paid by the company.