Overview
- The High Court applied Brazilian law and upheld the validity of releases signed by people compensated in Brazil, which will reduce recoverable sums in London.
- BHP said it will appeal the ruling and argued the English litigation duplicates Brazil’s reparation mechanisms.
- The collective action consolidates roughly 620,000 claimants seeking about R$230 billion in damages.
- Vale, as Samarco’s Brazilian shareholder, is reported to be responsible for half of any eventual award.
- Preparatory hearings for phase two have begun, with individual assessments slated to start in October 2026 and damages determinations expected in 2028–2029.