Claims Over Dividend Prescription

Since 2017, Grupo Avícola Villalobos has filed dozens of ordinary and summary proceedings seeking to have Lisa's dividend rights declared time-barred under the five-year limitation period. The companies declared the dividends but never fixed a time or place for collection, and they themselves obtained embargo orders over those dividends that prevented payment. The highest Guatemalan courts to address the question have rejected the prescription theory and ruled that Lisa's dividends since 1999 remain exigible and are Lisa's property.