Official Notice 30

Through Official Notice No. 30 dated January 3, 2025, the Twelfth Circuit Civil Court of the First Judicial Circuit of Panama notified local banks that the attachment over Lisa, S.A.'s funds has been formally lifted. The notification is grounded in the Fourth Superior Tribunal of Justice of Panama's ruling of September 30, 2024, which confirmed Order No. 898 of April 12, 2022, approving the settlement between BDT Investments Inc. and Lisa, S.A. and ordering the lifting of the attachment decreed in Order No. 1838 of December 12, 2012.

Scope of the Measure

The attachment originally covered all funds held by Lisa, S.A. in local banks, up to $19,184,680.00. The original communication to banking institutions was made through Official Notice No. 56 of January 14, 2013, which is now superseded by this notification. This notice is one of three communications issued on the same date: one addressed to Villamorey, S.A., another to the Eleventh Circuit Civil Court, and the present one, addressed to banking institutions, each lifting a distinct component of the 2012 attachment.

Procedural Context

The issuance of this notice marks the beginning of the material enforcement phase of the settlement within Case File No. 31638-12. The effective release of funds, however, continued to face obstacles, as evidenced by BDT's subsequent filings: a joint request for a letter rogatory filed on February 3, 2025 to communicate the lifted attachment to foreign jurisdictions, and later motions requesting direct bank orders for the release of retained funds.

Signatories

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