Claims Over Dividend Prescription

Claims Over Dividend Prescription by Compañía Importadora La Perla

C. 01161-2018-00480 • Eleventh Civil Court • Guatemala

Claims Over Dividend Prescription by Compañía Importadora La Perla

This is an ordinary civil lawsuit filed by Compañía Importadora La Perla, S.A. against Lisa, S.A. The dispute focused on whether the case should be resolved in ordinary courts or through arbitration, based on an arbitration clause invoked by Lisa.

Decisions

Eleventh First Instance Civil Court
January 20th, 2020
Issues

Jurisdictional objection raised by Lisa based on the arbitration clause in La Perla’s corporate charter.

Ruling

The Court upheld the objection of lack of jurisdiction due to the arbitration clause and refrained from addressing the other objections.

Effect

The dispute was referred to arbitration and proceedings in ordinary courts were halted.

Order

Declares lack of jurisdiction, sends dividend case by La Perla to arbitration

January 20, 2020Eleventh Civil Court
First Civil and Commercial Court of Appeals
March 1st, 2021
Issues

Appeal filed by La Perla against the first-instance decision that referred the case to arbitration.

Ruling

The Court of Appeals denied the appeal and confirmed the lower court’s ruling.

Effect

The referral to arbitration was upheld; the case did not proceed in ordinary courts.

Appeal Ruling

Dismisses La Perla’s appeal, confirms arbitration jurisdiction

March 1, 2021Court of Appeals

Conclusion

Lisa, S.A. prevailed at all stages. The Court granted the objection of lack of jurisdiction and referred the case to arbitration. La Perla’s appeal was rejected and the ruling confirmed. The result reaffirms that the dispute must be resolved in arbitration, consolidating Lisa’s position against attempts to litigate in ordinary courts.