Order: Appeals by Lisa and BDT were admitted with suspension

On April 7, 2025, the Sixteenth Civil Court of the First Judicial Circuit of Panama issued a formal order admitting the appeals filed by Lisa, S.A. and BDT Investments Inc. against Sentencia No. 71, dated January 31, 2025. Both appeals were granted with suspensivo effect, meaning enforcement of the ruling is suspended until the appeals are resolved. The court ordered that the case file be transferred to the First Superior Tribunal for review.

The order confirms that the appeals were filed by attorney María Luisa Villarreal on behalf of Lisa, S.A., and attorney Carlos de Icaza Muñoz on behalf of BDT Investments Inc. The case centers on Lisa’s claim to compel Juan Luis Bosch Gutiérrez to render accounts for funds he retained as judicial depositary. The appeals challenge both procedural handling and the trial court’s interpretation of standing and obligations under the special accounting process.