Panama Civil Lawsuits
Civil lawsuits in Panama to enforce shareholder rights and recover unpaid dividends from Villamorey, S.A., with courts ordering payment despite persistent obstruction.
A Modest Seizure Order Turns Into a Massive Financial Dispute
A $200,000 damages award to Villamorey, S.A. led to the prolonged embargo of Lisa, S.A.’s dividends. Although the judgment was fully satisfied, tens of millions remain withheld, fueling a years-long legal battle for restitution and accountability.
Enforcement of $51.6M Payment Order Against Villamorey
Lisa, S.A. seeks to enforce a $51.6 million payment order for decades-overdue dividends wrongfully withheld by Villamorey, S.A., in a case marked by judicial inaction and persistent resistance to binding court orders.
BDT Investments Inc. Acquires Lisa S.A.’s Rights and Shares
A judicial enforcement case involving BDT Investments Inc. and LISA, S.A. over $19.2 million in embargoed assets, later resolved through a court-approved settlement and cross-border efforts to lift restrictions and recover funds held by Villamorey, S.A. at GTC Bank.
Lisa Sues Villamorey and Bosch for Damages and Losses
A shareholder damages suit by Lisa, S.A. targets Villamorey, S.A. and Juan Luis Bosch for over 15 years of unpaid dividends and obstructed access to corporate records.
Bosch Withholds Over $45 Million While Evading Court Oversight
Juan Luis Bosch Gutiérrez, as court-appointed depositary, retained $44.9 million in dividends owed to Lisa, S.A. After years without an accounting, Lisa and BDT Investments Inc. filed suit to compel disclosure.
From Routine Oversight to a $44 Million Legal Battle
Lisa, S.A. demands an accounting from Villamorey, S.A. for over $44 million in withheld dividends. The case involves contempt, obstruction, and cross-border embargoes. Despite court orders, Villamorey refuses to comply, prompting further legal action.