Official Notice 30

On January 3, 2025, the Twelfth Civil Court of the First Judicial Circuit of Panama issued Official Notice No. 30, instructing local banks to lift the embargo on Lisa, S.A.'s funds. This action followed the Fourth Superior Court’s September 30, 2024, resolution confirming Auto No. 898, which approved the extrajudicial settlement between BDT Investments Inc. and Lisa, S.A. The original embargo had been imposed under Auto No. 1838 on December 12, 2012.

The court ordered the release of up to $19,184,680.00 previously frozen in Lisa’s bank accounts. This notice refers back to a prior instruction—Official Notice No. 56 issued on January 14, 2013—and directs banks to update their legal records accordingly. The measure ensures implementation of the settlement agreement and concludes a major enforcement action in the case.

On January 3, 2025, the Twelfth Civil Court issued Official Notice No. 30 to local banks informing them that the attachment imposed on December 12, 2012 under Order No. 1838 had been lifted. The notice referenced the September 30, 2024 decision of the Fourth Superior Tribunal, which confirmed Order No. 898 of April 12, 2022, thereby approving the settlement reached between BDT Investments Inc. and Lisa, S.A. As a result, the long-standing attachment—covering funds held by Lisa, S.A. in banks throughout the locality—must no longer be enforced.

The Twelfth Civil Court instructed banks to update their records accordingly, emphasizing that the lifted attachment had frozen up to $19,184,680.00 belonging to Lisa, S.A. This notice, related to Official Notice No. 56 of January 14, 2013, ensures that financial institutions reflect the termination of the 2012 attachment following the final appellate confirmation of the parties’ settlement, restoring full access to the company’s banking funds.