Twelfth Civil Court notifies Eleventh Civil Court that the 2012 attachment over Lisa, S.A.'s rights and credits in Proceeding No. 556-99 against Villamorey, S.A. has been lifted following appellate confirmation of the BDT-Lisa settlement.

Scope of Lifted Attachment

The attachment had been imposed through Order 1838-2012, issued December 12, 2012, and covered any sums, rights, or credits in favor of Lisa, S.A. within the ordinary proceeding with sequestration action that Lisa brought against Villamorey, S.A. before the Eleventh Court (Exp. 556-99, Sequestration Action No. 7081-08), up to $19,184,680.00. Its removal stems from the Fourth Superior Tribunal's ruling of September 30, 2024, notified through Edict 249-24, which upheld Order 898-2022, issued April 12, 2022, approving the settlement between BDT Investments Inc. and Lisa. By directing this notice to the court handling the proceeding against Villamorey, the Twelfth Court ensures that the Eleventh Court updates its records and removes any judicial restriction over Lisa's rights in that case file.

Procedural Context

This notice is one of three official communications issued on the same date. Official Notice 28 notified Villamorey, S.A. directly of the lifted attachment over the funds it was required to deliver to Lisa, S.A. from GTC Bank accounts. Official Notice 30 informed local banks of the lifted attachment over Lisa's bank accounts. Together, these three communications cover the three axes of the original 2012 attachment: funds held by Villamorey, Lisa's litigation rights before the Eleventh Court, and Lisa's bank accounts.

The notice expressly references Notice No. 55 of January 14, 2013, the original communication that notified the Eleventh Court of the 2012 attachment. This reference establishes procedural continuity and allows the receiving court to link both communications in its case file.

Signatories

• Lcda. Laura E. Aguilar E., Special Substitute Judge, Twelfth Circuit Civil Court of the First Judicial Circuit of Panama