
Document Information
Title:Revokes admission of dividend prescription suit by Escobio, S.A.
Type:Order
Issued on:August 3, 2018
Issued by:Fourteenth Civil Court
ID:gua-01164-2017-00228-2018-08-03-a
Overview
On August 3, 2018, the Fourteenth Civil Court of First Instance granted Lisa, S.A.’s revocation motion against a February 24, 2018 decree that had admitted a dividend prescription lawsuit filed by Escobio, S.A. (now Reproductores Avícolas, S.A.). The court reasoned that because the claim sought to declare prescribed dividends arising from shareholder resolutions, the matter was inherently commercial in nature. Furthermore, the company’s articles of incorporation expressly required disputes between the company and its shareholders to be resolved through a summary commercial proceeding.
