Arbitral Digest

Matter

Food Investment SpA, Joyvio Group Co., Ltd. and BJ Joyvio Zhencheng Co., Ltd. v Inversiones ASF Limitada and others (Santiago Court of Appeal Rol No. 5,459-2020)

Case no.
A-5.484-2023
Seat
Chile
  1. 24 June 2026Chile

    24 June 2026Chile

    Judgment of the Santiago Court of Appeal in the case Rol No. 5,459-2020 dated 24 June 2026

    Santiago Court of Appeal

    Case no.
    Rol No. 5,459-2020
    Decision summary
    The Santiago Court of Appeal granted the sellers' application to annul the arbitral award in Rol A-5.484-2023 and set the award aside in its entirety. The majority held that the tribunal exceeded the parties' submission by granting a price-reduction remedy that had not been pleaded or debated as such; each party was ordered to bear its own costs. Minister Fernando Valderrama dissented and would have rejected the annulment application.

    Supporting details

    8 authorities · 11 participants
    Food Investment SpA
    Joyvio Group Co., Ltd.
    BJ Joyvio Zhencheng Co., Ltd.
    Inversiones ASF Limitada
    Representative
    Cristóbal Eyzaguirre Baeza (For: Inversiones ASF Limitada · Asesorías e Inversiones Benjamín S.A. · Inversiones Arlequín Dos Limitada · Inversiones Ruiseñor Dos Limitada)
    Asesorías e Inversiones Benjamín S.A.
    Representative
    Cristóbal Eyzaguirre Baeza (For: Inversiones ASF Limitada · Asesorías e Inversiones Benjamín S.A. · Inversiones Arlequín Dos Limitada · Inversiones Ruiseñor Dos Limitada)
    Inversiones Arlequín Dos Limitada
    Representative
    Cristóbal Eyzaguirre Baeza (For: Inversiones ASF Limitada · Asesorías e Inversiones Benjamín S.A. · Inversiones Arlequín Dos Limitada · Inversiones Ruiseñor Dos Limitada)
    Inversiones Ruiseñor Dos Limitada
    Representative
    Cristóbal Eyzaguirre Baeza (For: Inversiones ASF Limitada · Asesorías e Inversiones Benjamín S.A. · Inversiones Arlequín Dos Limitada · Inversiones Ruiseñor Dos Limitada)
    Santiago Court of Appeal

    Authorities cited

    8
    • Chilean Law No. 19.971 on International Commercial Arbitration
      statute
    • UNCITRAL Model Law on International Commercial Arbitration
      statute
    • New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (Article V, New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards)
      treaty
    • Chilean Civil Code, Articles 1,860 and 1,932
      statute
    • Chilean Commercial Code, Article 822
      statute
    • Santiago Court of Appeal, Rol No. 5,459-2020, 10 February 2023
      case-law
    • Santiago Court of Appeal, Rol No. 6,753-2021, 30 November 2022
      case-law
    • Santiago Court of Appeal, Rol No. 18,261-2023, 24 September 2024
      case-law
  2. Date not availableChile

    Date not availableChile

    Arbitral Award in Rol A-5.484-2023

    Arbitration and Mediation Centre of the Santiago Chamber of Commerce A.G.

    Decision summary
    The arbitral tribunal granted the buyers' subsidiary claim and ordered compensation for the overpayment attributable to the difference between the production capacity represented in the transaction and the lower capacity permitted by the environmental approval. The Santiago Court of Appeal later annulled the award in its entirety.

    Supporting details

    13 participants
    Food Investment SpA
    Joyvio Group Co., Ltd.
    BJ Joyvio Zhencheng Co., Ltd.
    Inversiones ASF Limitada
    Asesorías e Inversiones Benjamín S.A.
    Inversiones Arlequín Dos Limitada
    Inversiones Ruiseñor Dos Limitada
    Asesorías e Inversiones Benjamín S.A.
    María Victoria Quiroga Moreno
    María Dolores Quiroga Moreno
    María Dolores Feliú Quiroga
    Jorge Esteban Feliú Quiroga
    Paulina Andrea Feliú Quiroga
    Arbitration and Mediation Centre of the Santiago Chamber of Commerce A.G.

Matter record

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Food Investment SpA, Joyvio Group Co., Ltd. and BJ Joyvio Zhencheng Co., Ltd. v Inversiones ASF Limitada and others (Santiago Court of Appeal Rol No. 5,459-2020) · Matter