Motion: Request for Procedural Action in Assembly Challenge

On May 22, 2025, attorney María Luisa Villarreal Palacios, in her capacity as General Attorney-in-Fact for BDT Investment, Inc., submitted a procedural motion to Panama’s Fifteenth Civil Court. The motion seeks judicial impetus for the advancement of a legal claim challenging the convocation of a shareholder assembly organized by Villamorey, S.A. The case is grounded in the urgency of the matter and the need to maintain proper corporate governance and protect shareholder rights.

The respondent, Villamorey, S.A., is a Panamanian company represented by Mr. Ramiro López Nimatúj, a Guatemalan national reportedly residing in Guatemala City. BDT Investment, Inc., a Barbadian corporation, is seeking a formal response from the court to move forward with the lawsuit in light of procedural delays or inaction. The motion emphasizes the urgency of the issue, which relates to the integrity of corporate procedures.