A Uruguayan software company sued Venezuelan PDVSA for US$ 60M

A Uruguayan software company sued Venezuelan PDVSA for US$ 60M

The Uruguayan software company Tecno-Uruguay (Sendibel SA) filed a lawsuit in court New York against Petroleos de Venezuela (PDVSA) for a total of 60 million dollars due to services provided to the state company during the 2000s.

On February 5 of this year the complaint was filed and it was not until July 19 that the justice system New York was finally able to assign a judge to the case. A hearing was subsequently scheduled for September.

According to Búsqueda, the company landed in Venezuela in the early 2000s within the framework of the Bolívar-Artigas Fund, which allowed the sale of oil to be exchanged for Uruguayan goods and services.

According to documents presented in the case, Techno-Uruguay provided “technical advisory services in the field of SAP and its technological platform” during the Management Automation Project Innovating to Achieve New Victoriescalled AGIL Project.

In this way, the Venezuelan state-owned company hired the Uruguayan company for a total of 100,000 hours of work to relaunch the AGIL Project, for which there is still a debt outstanding of 60 million dollars, which was updated with 6.5% interest on a quarterly basis.

The payment of PDVSA In 2017, the debt was $3 million, which only covered the interest generated. However, no payments were made throughout 2018, totaling $15 million. However, after a notice, they finally paid a total of $7 million, which still could not cover the debt.

The Uruguayan company is thus claiming a total of 41 million dollars in debt, plus 20.5 million dollars in interest.

The Conaprole case

Another Uruguayan company that had problems with the Venezuelan government was Conaprole. Currently, the dairy company confirmed that it will go to court Supreme Court of Justice to try to reverse the recent ruling against him.

The dairy cooperative had warned that it would not give up its lawsuit for the breach of an agreement signed between Uruguay and Venezuela for the purchase of powdered milk, announced by the former president Tabare Vazquez in 2015.

The amount that is required Conaprole is more than 60 million dollars, almost 32 million for the debt and the rest in the form of “damages and losses.”

However the appeals court In early March, the First Turn Civil Court ratified the ruling issued in the first instance, at the end of 2022, considering that the company began its claim outside the deadline established by law.

It all started in 2015 under the presidency of Tabare Vazquezwhen the president announced on June 6 the agreement with Venezuela. The Bolivarian Republic owed the Uruguayan state a total of 400 million dollars that it owed to the debt of Ancap with PDVSA for $400 million.

In exchange, Venezuela had to buy 265,000 tons of food, which it had to pay for through a deposit of 300 million dollars in the Bandes Bank. The paper of Conaprole It would be to export 44,000 tons of milk powder and 12,000 tons of cheese, an equivalent of 39 million dollars agreed with Corpovex. However, the government of Nicolas Maduro changed the form of the agreement and the trust changed banks and the money was never deposited.

Source: Ambito

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