Offshore drilling company intends to defend against attempt to freeze US assets

Vantage Drilling International, an offshore drilling contractor based in Houston, Texas, reported in an SEC filing that it learned in February 2019 that Brazilian federal prosecutors have requested assistance from the US Department of Justice to obtain an order freezing $124 million of the company’s assets in the US.  In November 2018, Vantage paid $5 million to the SEC to settle FCPA charges. Vantage stated in its filing that it believes the request by Brazilian authorities is not supported by applicable law and that it intends to defend against any attempts to seize its assets.

Form 10-K

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