Lisa Sues Villamorey and Juan Luis Bosch for Damages and Losses
Summary
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.
Timeline
Court admitted Lisa’s lawsuit for damages
The court admits Lisa, S.A.'s lawsuit for damages against Villamorey, S.A. and opens the evidentiary stage.
Adds Juan Luis Bosch as defendant in damages lawsuit
The court amends Order 966 to include Juan Luis Bosch Gutiérrez as a defendant in his personal capacity.
Court warned Villamorey of edict-based notice
The court warns Villamorey, S.A. it will be notified by edict if it fails to appear within three days.
GALA obstructed service of court documents
Court officer reports GALA's receptionist refused to acknowledge Villamorey for service purposes.
Court authorized edict-based summons
The court orders edict-based notification after failed attempts to locate Villamorey and Juan Luis Bosch.
Court summoned Villamorey and Bosch by edict
The court summons Villamorey and Juan Luis Bosch by edict; public notice ran five days in La Estrella de Panamá.
Lisa requested access to financial records
Lisa submits extensive evidence and requests access to financial records to support its damages claim.
Lisa refuted standing and procedural objections
Lisa refutes claims of lack of standing and procedural misconduct, reaffirming its shareholder rights.
Lisa challenged Villamorey’s documentary evidence
Lisa objects to key documents offered by Villamorey, calling them irrelevant, incomplete, and inadmissible.