Rejection of the demand remains firm and Yacyretá is freed from paying almost G. 25 billion

ASSUMPTION. After the rejection of a lawsuit filed regarding the ownership of a home in Cambyretá (Itapúa) was finalized in the second instance, the Yacyretá Binational Entity (EBY) was freed from paying a multimillion-dollar sum of almost G. 25 billion.

The lawsuit was filed by Wildo Alberto Giles, alleging that on April 13, 2013 he had signed a contract with the then director of the right bank of the EBY, Enrique Cáceres, for the amount of G. 5,647,308,760, plus the interest of the 3% from the expiration of the installments established in the aforementioned document.

The EBY based its position on the regulations of the Treaty of Yacyretá and the Reversal Note of December 2, 1982, which establishes that Yacyretá may only assume obligations or establish proxies with the joint signature of the two directors of the institution, which is not complied with the aforementioned agreement.

This argument was supported by the first instance judge to reject the claim, on October 10, 2023. Now, the Court of Appeal, Third Chamber, issued ruling number 23, on June 14, 2024, confirming the position of the first magistrate.

The Court determined that the sole signature of the Paraguayan director without the consent of the director of Yacyretá on the Argentine side does not constitute an obligatory document that can be claimed from the binational, as the plaintiff intended.

The figure initially claimed is G. 5,647,308,760, plus interest and professional fees of the counterparty, with which the amount would reach G. 25,000 million.

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