Mar 20 2024
12th Civil Court
Reproductores Avícolas, S.A. filed this summary proceeding against Lisa, S.A. alleging that Lisa's right to claim dividends had prescribed through the passage of more than five years without having been claimed. The case was heard before the Twelfth Multipersonal Civil Court of First Instance of Guatemala. The prescription action forms part of the Avícola Group's pattern of legal actions aimed at extinguishing the outstanding dividend obligations owed to Lisa as a shareholder. After all procedural phases of the summary proceeding through the hearing had been completed, BDT Investments Inc. filed memorial 1353-24 requesting admission as a third-party co-litigant (tercero coadyuvante) supporting the defendant.
Reproductores Avícolas, S.A. filed a revocatoria motion against this order, arguing that BDT failed to demonstrate a certain and direct interest in the matter, that the assignment of rights in the transaction agreement did not cover the present proceeding, and that there were deficiencies in the notarization and tax payment. The <doc id="gua-01162-2017-00735-2024-04-19-a" /> of April 19, 2024 declared the revocatoria denied, holding that the merits of the third-party intervention must be resolved together with the main case in the final judgment, pursuant to Article 551 of the Code of Civil and Commercial Procedure.