Case Overview
Thirteen Panama proceedings across four lawsuit groups: Villamorey dividend enforcement, BDT rights and share registration, Lisa's criminal complaints, and Villamorey's retaliatory criminal complaints.
5 Lawsuits54 Documents
Since October 2008, Villamorey, S.A. and its Legal Representative Juan Luis Bosch Gutiérrez have held Lisa, S.A.'s dividends as court-appointed depositaries. In December 2018, a Panamanian court satisfied Villamorey's $894,718 counterclaim by set-off against those held dividends, which far exceeded it, lifting the sequestration. Since then, Villamorey and Bosch have refused to render accounting and have defied orders to pay $51.6M in retained dividends and to transfer Lisa's 33.33% Villamorey stake to BDT. Several enforcement and accounting proceedings remain active before Panama's civil courts.
2 Lawsuits13 Documents
In 2012, BDT obtained a $19.2M attachment against Lisa before Panama's 12th Civil Court over Lisa's shares, dividends, and bank funds in Villamorey, S.A. and the Avícola Villalobos Group companies. In April 2022 the same Court approved an extrajudicial settlement under which Lisa assigned approximately 250 litigation rights and a 33.33% stake in Villamorey to BDT in exchange for debt forgiveness, confirmed on appeal in 2024. Despite repeated requests from BDT, Lisa, and the courts, Villamorey and its resident agent Galindo, Arias & López (GALA) have refused to issue or register the corresponding share certificate, prompting BDT's 2025 lawsuit to compel compliance.
4 Lawsuits34 Documents
Since 2022, Lisa has filed criminal complaints in Panama targeting the conduct surrounding the withholding and concealment of Villamorey's dividends: against Villamorey's Legal Representative (and former president), Juan Luis Bosch Gutierrez, for embezzlement and misappropriation of tens of millions in dividends; against Villamorey, its counsel, and outside firms for intimidation of a judge and calumny; and against a sitting judge for abuse of authority in paralyzing a $51.6M enforcement proceeding for over two years. The Public Prosecutor has admitted the complaints and is pursuing banking measures and investigative steps.
2 Lawsuits2 Documents
In 2022, Villamorey filed retaliatory criminal complaints in Panama: one against Lisa, alleging that Lisa's prior criminal filings were false and constituted extortion; and one against the judge presiding over Lisa's judicial-accounting proceeding, embedded within the civil case file in a tactic that prompted the judge to vacate her $44.9M embargo against Villamorey within 24 hours. The Public Prosecutor archived the complaint against Lisa for lack of any criminal element and later dismissed the complaint against the judge in April 2023, after the intended effect on the civil proceeding had already been achieved.