Ownership dispute over several agricultural properties. Estudio Olaechea is representing Sun Fruits—a major producer and exporter of agricultural products in Ica, Peru—in a lawsuit where the plaintiff is seeking ownership of several properties. Our client has been carrying out its production activities in said properties.
Possible multimillion-dollar compensation claim: The disputed area covers 43 hectares. If the ownership claim fails, the counterparty is likely to demand compensation equal to the value of the properties, which is estimated at a significant multimillion-dollar sum.
Invalidity due to good faith and lack of public records: We are defending Sun Fruits by arguing that they acquired the properties in good faith and that the counterparty’s alleged ownership rights were not registered in public records, thus making the claim invalid.
Favourable court ruling reduces financial risk: The court has ruled in our client’s favour in certain monetary claims, eliminating the possibility for the counterparty to seek nearly a third of the initial claim. This has significantly reduced the financial risk of the lawsuit.
Critical outcome for agricultural production and business stability: This case is critical for our client, as the properties in dispute are essential for its agricultural production. A negative outcome could severely impact its operations, putting the business at serious risk.
Latest development: Our firm’s advice on the matter is ongoing.
