Order 1234

On August 2, 2022, the Fourth Civil Court of the First Judicial Circuit reviewed Lisa, S.A.’s request to enforce the monetary sanctions previously imposed on Villamorey, S.A. The request covered daily contempt fines of $100 for Villamorey’s failure to appear at the court-ordered accounting, as well as $44,910,912 in retained dividends owed to Lisa for the 2009–2019 period. The court confirmed that Villamorey had not paid the sanctions established in Order No. 463 of April 8, 2022.

The court ordered the attachment of Villamorey’s assets up to $44,913,412, including bank deposits, securities, fixed-term accounts, and any funds held in Panama, Guatemala, the United States, and Canada. It further ordered attachment of Villamorey’s shares in the Avícola Villalobos group and its registered movable assets in Guatemala, El Salvador, Honduras, Curaçao, and the Netherlands. The ruling also directed delivery of retained and future sums to Lisa, S.A.