Official Notice 30: Court ordered banks to lift embargo on Lisa

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.