Order: Court dismissed dividend case by Villamorey, S.A.

On July 11, 2025, the Eighth Civil Court of First Instance of Guatemala rendered judgment in ordinary proceedings initiated by Villamorey, S.A., a Panamanian corporation and shareholder of Avícola Villalobos, S.A. Villamorey sought a judicial declaration that dividend-payment obligations owed to Lisa, S.A., arising from corporate resolutions of April 27, 2010 and July 5, 2011, had been extinguished through the operation of prescription under Guatemalan law. The court held “Sin lugar” Villamorey’s claim, thereby rejecting its attempt to deprive Lisa of its dividend rights. While the court also denied the procedural exceptions advanced by Lisa, S.A., the dispositive section made clear that Villamorey’s primary claim was unfounded. No costs were imposed. The decision preserves Lisa’s lawful entitlement to the 2010–2011 dividends and underscores the inability of Villamorey to invoke prescription to extinguish those rights.