PROPERTY PROPERTY PROPERTY PROPERTY OF THE EXAGENTS OF FIFTH AND PETROLIFFERS Law 27133 Compensation. Benefit. Posted: April 29, 2015 Cast: May 20, 2015 The Senate and Chamber of Deputies of the Argentine Nation assembled in Congress, etc. sanction with force
Law:
ARTICLE 1 — It is recognized by the national State as compensation for the former agents of the S.A. Petroleum Deposits, their heirs or beneficiaries, who had not been included in the Participated Property Programme, or who had done so, have not received the cash transfer to their name of the relevant actions.
Furthermore, those who have not received the law 25,471, or who have done so, may choose the benefit of those who have not received the compensation provided for in that law for reasons not attributable to the former agents mentioned.
The same option may be exercised by those who have not received the compensation set out in court decisions.
They will also include those who, having received the compensation, have a difference in their favour, calculated the amount according to the present.
ARTICLE 2 For the purposes of this Act, S.A. Petroleum Deposits are considered as staff members, entitled to compensation under this Act, to those who were employed in relation to dependency as at 1 January 1991 and who had begun their employment relationship prior to that date.
ARTICLE 3 — The compensation to be paid to each former agent of the Petrolfer Tax Deposits S.A., its heirs or right-holders, shall be equivalent to the sum of the value in pesos of nineteen fifty-six (956) shares of the Petrolfer Tax Deposits S.A., according to the amount of actions set out in the annex to Decree 1077/2003, to the quotation of the closing of the Buenos Aires Stock Market. They will be cancelled with public debt consolidation bonds issued in favour of former agents in the manner provided for by law 25,344.
ARTICLE 4 Exempts who, on the basis of the requirements of article 2, have received the law 25,471 or have obtained a favourable court judgment, may claim the eventual difference that exists in their favour, resulting from the sum of the value determined in article 3 with the amount set out in decree 1077/2003 regarding the calculation of the value of the compensation or the amount determined by the court judgment, the one that is greater, adjusted by the current average
The final calculations set out in Decree 1077/2003, i.e. the amounts established until 31 December 2002, shall be taken as a temporary basis. In the case of amounts established by court judgement, the date of the same.
ARTICLE 5 — In the terms set forth in the preceding article and for those who have initiated legal action, the beneficiaries shall apply for payment of compensation by completing a procedure determined by the Ministry of Public Economy and Finance of the Nation, which shall include the following guidelines:
(a) To welcome the benefits of this Act, by express act before the competent judge, which shall issue the certification thereon;
(b) With the certification mentioned in the preceding paragraph, the beneficiary or his beneficiaries shall initiate administrative proceedings in the manner established by the Ministry of Economy and Public Finance of the Nation by the respective regulation, which shall not exceed one hundred and twenty (120) working days until the liquidation in the terms of Article 3;
(c) Accrediting by the relevant formal mechanism the link of the right or heir to the former agent of the S.A. Petroliferous Fiscal Deposits;
(d) Prior to the liquidation, the beneficiary shall, through judicial approval, credit the withdrawal of the action and the law, and shall sign an acquittal in the Ministry of Public Economy and Finance of the Nation by granting to the national State the rights that may assist him in connection with the Participated Property Programme of Tax Petrolfers S.A.
ARTICLE 6 Subjects entitled to seek compensation in Article 4 shall lodge a prior administrative claim, which is positively resolved, shall be cancelled with public debt consolidation bonds issued in favour of ex-emplary agents in the manner provided for by Law 25,344.
The Ministry of the Economy and Public Finance of the Nation shall establish the procedure for its compliance, not exceeding the one hundred and twenty (120) working days the liquidation of the prescript in Article 4°.
ARTICLE 7 For the case of former agents who have not promoted judicial action, the Ministry of Economy and Public Finance of the Nation shall establish the procedure for the administrative claim by establishing specific deadlines for its compliance, not exceeding the one hundred and twenty (120) working days until the liquidation in the terms of Article 3.
ARTICLE 8 - The inembargobility of the awards made in accordance with the provisions of this Act should be kept unless it is a matter of food-related credits and litisexpenses.
ARTICLE 9 — Please note that the exemption from the payment of income tax to the awards set out in this Act.
ARTICLE 10. - Contact the national executive branch.
IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE NEW DAYS OF THE MONTH OF APRIL OF THE YEAR DOS MIL QUINCE.
— REGISTRATION BAJO #27133 —
LOVE BOUDOU. - JULIAN A. DOMÍNGUEZ. — Juan H. Estrada. - Marta A. Luchetta.
