Guatemala Litigation

The Guatemala litigation centers on Lisa, S.A.’s efforts to defend its shareholder rights and recover dividends unlawfully withheld by companies in the Avícola Villalobos Group. Since 2011, Lisa has faced a coordinated legal campaign involving dozens of lawsuits designed to exclude it as a shareholder, discredit its legal claims, and extinguish its right to receive dividends—without compensation or due process.

Lisa has responded through multiple legal channels, filing challenges to its illegal exclusion, opposing fraudulent claims of dividend prescription, and asserting its rights in damages and abuse of process proceedings. In every category of litigation, Guatemalan courts have ruled overwhelmingly in Lisa’s favor.

Exclusion lawsuits filed by Avícola companies were rejected for violating shareholder protections, failing to follow legal procedures, or lacking cause. Courts consistently found that Lisa was deprived of its rights without justification or proper notice.

Dividend prescription claims—an effort to argue that Lisa had lost its rights by waiting too long—were also defeated. Courts concluded that no enforceable obligation existed without a fixed payment date, and that Lisa’s rights remained valid due to legal interruptions, judicial delays, and acts of obstruction by the companies themselves.

Damages and procedural abuse lawsuits—brought as retaliatory claims accusing Lisa of harming corporate reputations or misusing the courts—were dismissed for lack of evidence. Judges consistently found that Lisa was exercising legitimate shareholder and legal rights.

Finally, courts have recognized BDT Investments Inc.—Lisa’s successor—as a valid third-party intervenor in numerous pending lawsuits. Attempts to challenge BDT’s role have been rejected, confirming the legal continuity of its claims.

Together, these cases expose a years-long strategy by the Avícola Villalobos Group to silence and dispossess Lisa through legal warfare. But the record is clear: Lisa and BDT have prevailed across every front of the Guatemalan litigation.