Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 57

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 8
Chunk 57
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Item 8.   Financial Information
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CONSOLIDATED FINANCIAL STATEMENTS
 See “Item 18. Financial Statements” beginning on page F-1.
 LEGAL PROCEEDINGS
 We are party to several civil, commercial, contentious-administrative, tax, customs and labor proceedings and claims that arise in the ordinary course of its business. In determining a proper level of provision, the Company has considered its best estimate mainly with the assistance of legal and tax advisors. As of December 31, 2024, we recorded provisions for U.S.$ 73.8 million in relation to the following proceedings:

-                                               Relevant Customs Proceedings - Gasoline Exports:                                            
                         there are an important number of proceedings in process before the National Tax Court (“NTC”)                      
     in which the tax authority challenges the tariff heading used by Petrobras during 2008-2014. The fiscal authority takes a position of  
    a higher export duty rate. In five cases, the NTC issued judgments in favor of the Company. Three of these were acquiesced to by the tax
     authority and, consequently, became final. In the remaining two cases, the period for the tax authority to potentially file an appeal  
                                                             is currently running.                                                          
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-                                                   Petrobras Operaciones S.A. (“POSA”)                                                 
          has filed an international arbitration claim against the Company before the International Chamber of Commerce (“ICC”) on      
    account of alleged breaches to the Assignment Agreement entered into between Petrobras Argentina S.A. (currently Pampa) and POSA in 
                 2016 for the transfer of a 33.6% interest in the “Río Neuquén” Concession. The breaches alleged by POSA in             
     its arbitration claim consist of the failure to transfer certain assets associated with the assigned interest, and differences in  
    the calculation of adjustments in the assignment price. The arbitration will be conducted according to the ICC Rules of Arbitration,
    the applicable law will be that of the Republic of Argentina, and the seat of arbitration will be Buenos Aires, Argentina. On April 
    30, 2021, POSA filed its statement of claim and on September 15, 2021, the Company filed its statement of defense and its statement 
    of counterclaim. On December 15, 2021, POSA filed its statement of defense to the counterclaim. After the proceedings were suspended
     by the Court at the request of the parties