JBS S.A. files I.C.C. request regarding Inalca JBS
August 4, 2010
by Meat&Poultry Staff
SÃO PAULO, BRAZIL – JBS S.A. announced it filed a request on Aug. 2 at the International Chamber of Commerce (I.C.C.) in Paris requesting the Chamber´s arbitration to solve pending corporate governance issues at Inalca JBS, which is 50% owned by JBS S.A.
This I.C.C. filing is in continuation of the injunction filed with the Italian Judicial Authorities directly related to the full compliance of the terms and conditions of the contract signed between JBS S.A. and the Cremonini Group upon the foundation of Inalca JBS and specifically to the clauses which refer to transparency and good Corporate Governance practices.