Country
Panama
Panama is where the money sits. Its courts have issued a final, binding order for Villamorey, S.A. to pay Lisa, S.A. more than $51.6 million in dividends withheld under judicial deposit since 2008 — an order Villamorey and its president, Juan Luis Bosch Gutiérrez, have refused to honor.
The refusal has driven enforcement actions, accounting lawsuits, and an active criminal investigation by Panama's Anti-Corruption Prosecutor.
- Ordered paid, unpaid
- $51.6M
- Withheld since
- 1999
- Enforceable order
- Final
The litigation record
13 published lawsuits from the Panama front, newest first.
| Caption | ||
|---|---|---|
| Denuncia Penal | Lisa, S.A.'s criminal report against former judge Lesbia Wolfschoon Puga over an allegedly stalled enforcement proceeding | 2025 |
| Exp. 78084-25 | BDT Investments Inc.'s claim for Villamorey, S.A. to issue and register the shares that Lisa, S.A. assigned to it | 2025 |
| Exp. 8853-24 | Lisa, S.A.'s damages claim against Villamorey, S.A. and Juan Luis Bosch Gutiérrez over withheld dividends | 2024 |
| Cpt. 202300033850 | Lisa, S.A.'s criminal complaint against Juan Luis Bosch Gutiérrez for alleged embezzlement of dividends in judicial deposit | 2023 |
| Cpt. 202200066986 | Villamorey, S.A.'s criminal complaint for false reporting of offences and extortion over the complaints filed by Lisa, S.A. | 2022 |
| Cpt. 202200053278 | Lisa, S.A.'s criminal complaint against Juan Luis Bosch Gutiérrez and Villamorey, S.A. for alleged fraud and dividend diversion | 2022 |
| Cpt. 202200070875 | Lisa, S.A.'s criminal complaint against Villamorey, S.A. for allegedly intimidating the Fourth Civil Circuit Court judge | 2022 |
| Cpt. 202200067006 | Criminal complaint against Judge Solange Le Ferrec Malek de Booker for abuse of authority over an attachment for Lisa, S.A. | 2022 |
| Exp. 117030-21 | Lisa, S.A.'s enforcement claim against Villamorey, S.A. for $51,643,208.80 in withheld dividends, costs and expenses | 2021 |
| Exp. 83573-21 | Lisa, S.A.'s claim for Juan Luis Bosch Gutiérrez to render accounts as judicial depositary of its dividends | 2021 |
| Exp. 14606-21 | Lisa, S.A.'s accounting claim against Villamorey, S.A. over its management and dividends | 2021 |
| Exp. 31638-12 | BDT Investments Inc.'s enforcement claim against Lisa, S.A. to collect a debt | 2012 |
| Exp. 556-99 | Lisa, S.A.'s claim against Villamorey, S.A. et al. over appropriated dividends, with a counterclaim by Villamorey, S.A. | 1999 |