On October 17, 2025, counsel for Lisa, S.A. filed a hearing brief in Appeal 343-2025 asserting that Guatemalan courts lack territorial jurisdiction over disputes concerning dividends owed by Villamorey, S.A. The filing stresses that Lisa, S.A. is a Panamanian company, that the relevant corporate decisions occurred in Panama, and that Panamanian law governs the underlying obligations. Accordingly, the brief requests that the appellate court decline jurisdiction or otherwise refrain from ruling on the merits.

The brief also opposes Villamorey’s attempt to invoke prescription regarding unpaid dividends. It argues that these dividends have remained under judicial attachment and that Villamorey, acting as depositary of the seized funds, cannot claim the obligation has become due or enforceable for the purposes of prescription. The submission identifies deficiencies in Villamorey’s certificates and asks the appellate court to dismiss the prescription claim in its entirety.