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Guatemala

Opposition to Shareholder Exclusion

4 lawsuits

Challenging the 2011 votes that expelled Lisa as a shareholder, and defending its right to dividends or fair market value.

In 2011, the Grupo Avícola Villalobos companies each held a shareholder meeting where the other shareholders voted to exclude Lisa, alleging fraudulent acts. Lisa has opposed every exclusion in summary proceedings, seeking to have them declared illegal, reinstate its shareholder status, and confirm its right to collect declared and withheld dividends. Even if any exclusion were upheld, Lisa would remain entitled to fair, market-value compensation for its shares, with Guatemalan procedure providing specific summary mechanisms to establish that value.

Caption
Exp. 01043-2011-00112Lisa's challenge to her shareholder exclusion by Reproductores Avícolas2011
Exp. 01162-2011-01095Lisa's challenge to her exclusion by Compraventa de Productos Alimenticios, joined to the Las Margaritas case2011
Exp. 01163-2011-01084Lisa's challenge to her exclusion by Distribuidora Avícola del Norte rejected on standing grounds2011
Exp. 01165-2011-1081Court annuls Lisa's shareholder exclusion by Compañía Alimenticia de Centroamérica2011