Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 374

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 8
Chunk 374
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/23, 131/23, 132/23, 133/23, 134/23, and 135/23. These executive orders rejected the appeals filed by Cresud against the fee assessments corresponding to the agricultural campaigns of 2013/2014 through 2020/2021. In response, Cresud filed a number of lawsuits to challenge those executive orders. Meanwhile the Province of Salta filed certain enforcement proceedings and seizure actions to recover the disputed amounts.

On December 6, 2024, Cresud and Salta Forestal S.A. executed a settlement agreement, effective as of January 2025, under which all pending executive and administrative legal proceedings between the parties were terminated. Under the terms of the agreement, Cresud committed to pay the claimed fees, and Salta Forestal S.A. agreed to return the excess amounts previously seized, and the parties’ established guidelines for the calculation and payment of future fees. This agreement resolved all existing disputes between the parties as of the date of execution.

IRSA’s legal or arbitration proceedings

Set- forth below is a description of certain material legal proceedings to which we are a party. We are not a party to any significant litigation or arbitration and we are not aware of any significant litigation or claim that is pending or imminent against us outside of what is described below.

Urban Business

Set forth below is a description of certain material legal proceedings to which we are a party. We are not engaged in any other material litigation or arbitration and no other material litigation or claim is known to us to be pending or threatened against us or our subsidiaries. Nevertheless, we may be involved in other litigation from time to time in the ordinary course of business.

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Puerto Retiro

In 1991, Indarsa had purchased 90% of Tandanor, a former government-owned company, which owned a piece of land near Puerto Madero of approximately 8 hectares. Indarsa failed to pay to the Argentine Government the price for its purchase of the stock of Tandanor, and as a result the Argentine Ministry of Defense requested the bankruptcy of Indarsa. Since the only asset of Indarsa was its holding in Tandanor, the Argentine Government is seeking to extend Indarsa’s bankruptcy to other companies or individuals which, according to its view, acted as a single economic group. In particular, the Argentine Government has requested the extension of Indarsa’s bankruptcy to Puerto Retiro which acquired Planta 1 from Tandanor.

In