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)

Procedural record

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.

   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

   Judge

   Guillermo Eduardo de la Barra Dunner

   Judge

   Fernando Antonio Valderrama Martínez

   Judge

   Catalina Infante Correa

   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.

   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.