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This excerpt taken from the PBR 20-F filed May 22, 2009. Plaintiff:
Distribution
Companies (Continued)
Of the total
amount related to legal actions of approximately US$312, up to
December 31, 2008 some US$34 (US$45 in 2007) had been
withdrawn from the Company’s accounts as a result of
judicial rulings of advance relief, which were annulled as a
result of an appeal filed by the Company.
The Company,
with the support of the state and federal authorities, has
succeeded in stopping the execution of other withdrawals, and is
making all possible efforts to obtain reimbursement of the
amounts that were previously withdrawn from its accounts.
This excerpt taken from the PBR 6-K filed Mar 30, 2009. Plaintiff: Distribution Companies The Company was sued in court by certain small oil distribution companies under the allegation that it does not pass on to state governments the State Value-Added Tax (ICMS) collected according to the legislation upon fuel sales. These suits were filed in the states of Goiás, Tocantins, Bahia, Pará, Maranhão and in the Federal District. Of the total amount related to legal actions of approximately US$312, up to December 31, 2008 some US$34 (US$45 in 2007) had been withdrawn from the Company’s accounts as a result of judicial rulings of advance relief, which were annulled as a result of an appeal filed by the Company. The Company, with the support of the state and federal authorities, has succeeded in stopping the execution of other withdrawals, and is making all possible efforts to obtain reimbursement of the amounts that were previously withdrawn from its accounts. This excerpt taken from the PBR 6-K filed Mar 18, 2008. Plaintiff: Distribution Companies The Company was sued in court by certain small oil distribution companies under the allegation that it does not pass on to state governments the State Value-Added Tax (ICMS) collected according to the legislation upon fuel sales. These suits were filed in the states of Goiás, Tocantins, Bahia, Pará, Maranhão and in the Federal District. Of the total amount related to legal actions of approximately US$412, up to December 31, 2007 some US$45 (US$38 in 2006) had been withdrawn from the Company’s accounts as a result of judicial rulings of advance relief, which were annulled as a result of an appeal filed by the Company. 97 19. Commitments and Contingencies (Continued) (a) Litigation (Continued) Plaintiff: Distribution Companies (Continued) The Company, with the support of the state and federal authorities, has succeeded in stopping the execution of other withdrawals, and is making all possible efforts to obtain reimbursement of the amounts that were previously withdrawn from its accounts. | EXCERPTS ON THIS PAGE:
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