Country
Panama
Panama is where the money sits. Its courts have issued a final, binding order for Villamorey, S.A. to pay Lisa, S.A. more than $51.6 million in dividends withheld under judicial deposit since 2008 — an order Villamorey and its president, Juan Luis Bosch Gutiérrez, have refused to honor.
The refusal has driven enforcement actions, accounting lawsuits, and an active criminal investigation by Panama's Anti-Corruption Prosecutor.
- Ordered paid, unpaid
- $51.6M
- Withheld since
- 1999
- Enforceable order
- Final
The litigation record
13 published lawsuits from the Panama front, newest first.
| Caption | ||
|---|---|---|
| Denuncia Penal | Lisa's criminal complaint against former judge Lesbia Wolfschon for stalling the enforcement case | 2025 |
| Exp. 78084-25 | BDT Investments' action to compel Villamorey to issue its 33.33% shareholding | 2025 |
| Exp. 8853-24 | Lisa's damages suit against Villamorey and Juan Luis Bosch over prolonged withholding of dividends | 2024 |
| Cpt. 202300033850 | Lisa's criminal complaint against Juan Luis Bosch for misappropriating dividends as court custodian (~$70M) | 2023 |
| Cpt. 202200066986 | Prosecutor dismisses Villamorey's extortion and false-accusation complaint against Lisa | 2022 |
| Cpt. 202200053278 | Lisa's criminal complaint against Juan Luis Bosch for fraud and concealment of dividends (~$40M) | 2022 |
| Cpt. 202200070875 | Lisa's criminal complaint against Villamorey for intimidating a judge | 2022 |
| Cpt. 202200067006 | Prosecutor dismisses Villamorey's abuse-of-authority complaint against the civil judge | 2022 |
| Exp. 83573-21 | Lisa and BDT Investments' accounting action against Juan Luis Bosch as court custodian | 2021 |
| Exp. 117030-21 | Lisa's $51.6M enforcement action against Villamorey over withheld dividends | 2021 |
| Exp. 14606-21 | Lisa's accounting action against Villamorey over withheld dividends | 2021 |
| Exp. 31638-12 | BDT Investments' debt-collection action against Lisa, settled with an assignment of litigation rights | 2012 |
| Exp. 556-99 | Court rejects Lisa's dividend-diversion claims against Villamorey and grants Villamorey's counterclaim | 1999 |