PAG Asia Capital Files Arbitration Claim Seeking $689 Million in Damages from Ninestar.

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PAG Asia Capital Files Arbitration Claim Seeking $689 Million in Damages from Ninestar.
Hong Kong — PAG Asia Capital, a private equity firm, has initiated an arbitration claim against Ninestar Corporation, seeking at least $689 million (€605 million) in damages. The claim, filed with the Hong Kong International Arbitration Centre (HKIAC), alleges that Ninestar breached contractual agreements, leading to significant financial losses for the firm.

The dispute centers on an investment made by PAG Asia Capital, where the firm claims Ninestar failed to meet agreed-upon terms. PAG argues that these breaches led to underperformance and financial harm, with damages amounting to at least $689 million. Some experts believe that the final settlement could be higher, depending on the arbitration proceedings.

While the full details of the claim remain confidential, it highlights a growing trend in which private equity firms turn to arbitration to resolve disputes over cross-border investments. Arbitration is often preferred for its efficiency and privacy compared to traditional litigation.

As of now, Ninestar has not issued a formal response to the claim.

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April 17, 2025 at 4:14 PM