Motion

Asset identification for formal attachment order.

In this motion dated July 15, 2022, Lisa, S.A. requests the Eleventh Circuit Civil Court of the First Judicial Circuit of Panama to decree formal attachment over the assets of Villamorey, S.A., pursuant to Executive Order No. 2567 of December 22, 2021, which issued a payment mandate for $51,643,208.80 in illegally retained dividends. The motion is filed after Villamorey appeared in the proceedings and was duly notified of the executive order.

Assets identified

Lisa identifies three categories of assets for attachment up to $51,643,208.80, plus accrued interest:

• Savings deposits, checking accounts, fixed-term deposits, securities, and any other financial instruments held by Villamorey in banks across Panama, Guatemala, the United States, and Canada
• Corporate shares held by Villamorey in the Avícola Villalobos group of companies, headquartered in Guatemala City
• Real property registered in Villamorey's name in Guatemala, El Salvador, Honduras, Curaçao, and the Netherlands

To execute the attachment measures in foreign jurisdictions, Lisa requests the issuance of letters rogatory addressed to the competent judicial authorities and banking supervisory entities in each country.

Relief Sought

• Decree formal attachment over the identified assets, up to $51,643,208.80 plus interest accrued through full satisfaction of the debt
• Issue letters rogatory to judicial authorities in Guatemala, the United States, Canada, El Salvador, Honduras, Curaçao, and the Netherlands to communicate the attachment order
• Notify the competent banking supervision and regulatory entities in each jurisdiction

Legal Basis

• Article 1643 of the Judicial Code — authorizes the identification of the judgment debtor's assets for attachment in executive proceedings

Signatories

• Lcda. María Luisa Villarreal Palacios, Judicial Representative of Lisa, S.A.