Cases & Deals

Far Eastern Group defends in arbitration claims that it breached provisions of shareholders' agreements

Clients Far Eastern Group

The Far Eastern Group was represented by Jones Day in connection with the arbitration of claims by The Carlyle Group that Far Eastern had breached certain provisions of shareholders' agreements. In 2002, corporations affiliated with the Far Eastern Group purchased shares in a corporation that indirectly controlled Pacific China Holdings (HK) Limited, in which The Carlyle Group was a minority shareholder. Carlyle brought an arbitration proceeding, asserting that the foregoing acquisition gave Carlyle the right to sell back its shares in Pacific China.

Carlyle Asia Partners, L.P. v. Far Eastern Textile, Ltd., International Chamber of Commerce Court of Arbitration, Case No. 12617/JNK.

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