Lisa, S.A. filed a civil damages lawsuit in Panama against Villamorey, S.A. and Juan Luis Bosch Gutiérrez, seeking compensation for the unlawful withholding of dividends and other corporate abuses dating back to 2008. The First Civil Circuit Court admitted the case in April 2024 and progressively expanded the scope to include Bosch personally as a co-defendant.

Throughout the proceedings, Villamorey and Bosch repeatedly evaded service of process, leading the court to resort to edict-based notifications. Lisa has filed extensive evidentiary motions to access Villamorey's financial records, quantify unpaid dividends, and discredit the defense's attempts to undermine its standing as a shareholder.

Order 966: Admits damages lawsuit filed by Lisa, S.A.

April 2024

The First Civil Court formally admitted Lisa, S.A.’s damages lawsuit against Villamorey, S.A., finding it met all procedural requirements under Panamanian law. The court ordered that a copy of the complaint be served on Villamorey, which had 10 days to respond.

Order 966 Amended: Adds Juan Luis Bosch as defendant

May 2024

The court corrected Order 966 to reflect that the lawsuit was also filed against Juan Luis Bosch Gutiérrez in his personal capacity. It ordered that Bosch be personally served and granted him 10 days to respond.

Official Notice: Warns Villamorey of potential edict-based notification

July 2024

After failed attempts to personally notify Villamorey, the court warned its legal representative, Ramiro López Nimatuj, that if no appearance was made within three days, notification would proceed by edict at Villamorey's expense.

Notice Report: GALA obstructs judicial service of process

July 2024

A court officer reported that GALA, Villamorey’s registered agent, obstructed judicial service by denying knowledge of Villamorey. This was despite GALA's known role as the company’s legal representative.

Order: Authorizes edict-based summons for Villamorey and Bosch

September 2024

The court approved Lisa’s request to summon both Villamorey and Juan Luis Bosch Gutiérrez by edict, citing their ongoing evasion of formal notification.

Edict 262: Summons by edict for Villamorey and Juan Luis Bosch

September 2024

The court issued Edict No. 262/8853-24 summoning Villamorey and Bosch to appear. The edict was published for five days in *La Estrella de Panamá* and posted at the courthouse. Lisa submitted proof of publication on October 7, 2024.

Motion: Lisa seeks access to Villamorey’s financial records

December 2024

Lisa submitted an evidentiary brief seeking access to Villamorey’s accounting books, declarations from Bosch and Ramiro López Nimatuj, document recognition by GALA, and a forensic audit to quantify withheld dividends, equity stake, and interest over 16 years.

Motion: Lisa refutes legitimacy and procedural objections

December 2024

Lisa filed a rebuttal to challenges raised by Villamorey and Bosch, reaffirming its shareholder status and compliance with court orders. Lisa requested subpoenas for shareholder documents and recognition of evidence by Villamorey’s representatives.

Motion: Lisa challenges Villamorey's documentary evidence

December 2024

Lisa objected to several documents presented by the defense, including a disputed settlement agreement with BDT Investments Inc. and a 2020 court ruling, arguing they were irrelevant, misleading, or inadmissible.