(Petrobras, 17.Jul.2015) – Further to the Parque das Baleias Arbitration released on July 6, 2015, the Arbitration Tribunal issued a new ruling (16.Jul.2015) to suspend deposits of disputed special participation tax amounts, estimated at R$ 350 mln/quarter.
This ruling is provisional and is valid until the final judgement of the Request for Reconsideration submitted by Petrobras in order to suspend the effects of the previous ruling.
The tribunal also extended the deadline for the parties to submit precise calculations of the amounts corresponding to previous discrepancies in the special participation tax and a proposal for depositing these discrepant amounts.
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