Aug 9 2022
4th Civil Court
The notice instructs Banco G&T Continental to retain all funds held by Villamorey, S.A. at the institution, in any form (savings deposits, checking accounts, fixed-term deposits, securities, or any other type), and to deliver those funds to the executing party. It does not establish new conditions or expand the scope of the attachment; it is limited to enforcing the attachment previously decreed by the Court in <doc id="pty-14606-21-2022-08-02-a" />.
The $44,913,412.00 attachment comprises $44,910,912.00 in retained dividends for the 2009-2019 period and $2,500.00 in accumulated daily fines of $100.00 imposed for Villamorey's failure to comply with the order to render accounts in <law id="pty-14606-21" />. <doc id="pty-14606-21-2022-08-02-a" />, issued August 2, 2022, ordered the seizure of bank accounts, shares in the Avícola Villalobos corporate group, and registered movable property across multiple jurisdictions (Panama, Guatemala, El Salvador, Honduras, Curaçao, and the Netherlands). The present notice effectuates the banking communication within the Republic of Panama, directed specifically to Banco G&T Continental. Weeks later, Villamorey challenged these measures through an amparo, which the First Superior Tribunal rejected in the <doc id="pty-14606-21-2022-09-23-a" />.