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the costs and expenses (supra para. 115) within one year from the date it is served
notice of the Judgment. Regarding publication of the relevant sections of the
Judgment (supra para. 101), the State shall comply with such measure within six
months from the date it is served notice of the Judgment. Regarding the other
measures ordered without a specified deadline for compliance, the State shall have a
reasonable period as from notice of the instant Judgment to comply with them.
117. Payment of the compensations awarded for the benefit of the victims and
their next of kin shall be effected as per paragraphs 72, 73, 80, 82, 88 and 89
hereof.
118. Payments on account of reimbursement of costs and expenses shall be made
to Mrs. Alejandra Josefina Iriarte de Blanco, Mrs. Teodora Paz de Hernández and Mrs.
Nélida Josefina Fernández-Pelicie, who shall in turn effect the required payments as
per paragraph 115 hereof.
119. The State may discharge its pecuniary obligations by tendering United States
dollars or an equivalent amount of the currency of the State of Venezuela, at the rate
of exchange between both currencies prevailing in the market of New York, USA, on
the day prior to the date of actual payment.
120. In the event that, due to reasons attributable to the beneficiaries of such
compensation, it should be impossible for them to receive such payments within the
aforementioned period of one year as from notice of the instant Judgment, then the
State shall deposit said amounts into an account held in the beneficiaries’ name or
draw a certificate of deposit from a solvent Venezuelan financial institution, in United
States dollars and subject to the most favorable financial terms permissible under
the laws and banking practice in force. Should the compensation amounts remain
unclaimed after a term of ten years, the money, plus accrued interest, shall be
returned to the State.
121. As regards the compensation awarded to those beneficiaries who are not of
legal age, the State shall deposit the relevant amounts in their name with a solvent
Venezuelan financial institution, either in United States dollars or in Venezuelan
currency, as their legal representative may choose. Such deposit shall be made
within a period of one year, subject to the most favorable financial terms permissible
under the laws and banking practice in force, until they come of age. Such deposit
may be withdrawn by said beneficiaries upon their coming of age or when so ordered
by a judicial authority of competent jurisdiction in the best interests of the minor.
Should the amount remain unclaimed after a ten-year period as from the minor’s
coming of age, the money, plus accrued interest, shall be returned to the State.
122. The amounts awarded in the instant Judgment as compensation for pecuniary
damage, non pecuniary damage, and costs and expenses shall not be affected,
reduced or subjected to any condition on account of current or future tax-related
reasons. Accordingly, such amounts shall be paid to the beneficiaries in full, as per
the provisions of the instant Judgment.
123. Should the State fall into arrears, it shall pay interest on the amount
outstanding, at the banking arrearage interest rate applicable in Venezuela.
124. Further to its consistent practice, the Court reserves its jurisdictional
authority to monitor full compliance with the instant Judgment. The instant case shall
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