Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 216

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 216
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 in the aforementioned U.S. proceedings.
 On March 7, 2025, we reached an agreement to settle the lawsuit with EIG. Under the terms of the settlement, we paid EIG US$ 283 million. In return, EIG requested the dismissal of the lawsuit pending in the District Court for the District of Columbia, the cancellation of the pre-judgment attachment of Petrobras's assets in the Netherlands, as well as the release of any rights related to the dispute.
 The settlement does not constitute an admission of fault or wrongdoing by Petrobras and is entered in the best interests of Petrobras and its shareholders, considering the peculiarities of U.S. law applicable to the disputes, as well as the stage of the lawsuit and the characteristics of litigation before the U.S. Federal Courts.
 We were also a party to arbitrations in Brazil filed by investors of Sete Brasil. One of them was concluded in 2017 and the other arbitrations were finished in 2020. In 2017 and 2020, two favorable arbitral awards were granted to us. In 2020, we disclosed the settlement of three other arbitrations related to the investment in Sete Brasil.
 In December 2024, the judge issued a bankruptcy ruling for Sete Brasil. However, this decision was suspended after Sete Brasil filed an appeal, which remains under judicial review. 
 We no longer hold any direct or indirect equity in the companies of the Sete Brasil Group.
 

Annual Report and Form 20-F 2024 |
Other  Legal proceedings
 Labor Proceedings
 RMNR
 The Minimum Compensation by Level and Work Regime (RMNR) consists of a guaranteed minimum compensation for employees, based on salary level, work regime, and geographical location. This compensation policy was created and implemented by Petrobras in 2007 through collective bargaining with union representatives, and approved in employee assemblies. However, the formula used to calculate this minimum compensation was subsequently challenged in court by employees and unions. 
 The Brazilian Superior Labor Court (TST) established a position that was partially contrary to the company, deciding to exclude some components from the calculation. The Brazilian Federal Supreme Court (STF), upon accepting the company's appeal, recognized that the calculation formula used by the company is valid and in accordance with what was negotiated between the parties.
 As there were several lawsuits at various procedural stages, the company monitors the application of the STF’s ruling to the respective cases, which are being closed as they progress through the Judiciary. 
 Applicable