BDT sues Villamorey for refusal to issue and register shares
BDT sues Villamorey for refusal to issue and register shares
Summary
This is an ordinary proceeding of major amount filed by BDT Investments Inc. against Villamorey, S.A. before the Second Civil Circuit Court of Panama. The lawsuit seeks an order compelling Villamorey to issue a share certificate and record BDT as the lawful owner of 33.33% of its shares. BDT’s ownership arises from the assignment made by Lisa, S.A., which was judicially recognized and formalized through the endorsement of Share Certificate No. 1. Despite these legal steps, Villamorey and its representatives have refused to issue the certificate or update the corporate share ledger. The claim is valued at $60,000,000 and emphasizes Villamorey’s ongoing obstruction of BDT’s shareholder rights.
Timeline
Request for Judicially Convened Shareholders' Meeting
BDT Investment, Inc., holder of 33.33% of shares in Villamorey, S.A., requests the Civil Circuit Court of Panama to judicially convene an Extraordinary Shareholders' Meeting. The company alleges systematic exclusion from shareholder communications and meetings despite a legally endorsed share transfer.
BDT Demands Issuance of Share Certificates
BDT Investment, Inc., as holder of 33.33% of the shares in Villamorey, S.A., initiates legal proceedings in Panama demanding the issuance and registration of its share certificates. Despite a judicially approved share transfer from LISA, S.A., Villamorey’s board and legal representatives have failed to recognize BDT’s ownership and issue the necessary documentation.
BDT Investments requests issuance of shares
Corrected oral claim asks the Second Civil Circuit Court to register BDT’s 33.33% stake in Villamorey.