Motion: BDT requested court to order GTC Bank to release funds

On February 26, 2025, BDT Investments Inc., through its attorney Carlos de Icaza, filed an urgent motion before the Twelfth Civil Court of Panama. The motion requests that the court issue a direct order to GTC Bank, instructing the immediate release of $19,184,680.00 to BDT. The funds had been embargoed under earlier judicial orders in the enforcement case Exp. 31638-12, but the embargo was lifted following the court-approved settlement between BDT and Lisa, S.A.

Although Official Notice No. 28 dated January 3, 2025, had already been sent to Villamorey, S.A., BDT argues that the bank itself must now be directly ordered to comply. The motion emphasizes that BDT has been deprived of access to these funds for years and that continued delay risks disrupting its business operations. The plaintiff therefore asks the court to enforce its final and binding ruling by ordering the bank to release the funds without further intermediaries.