Telecom Business Solution LLC v Terra Towers Corp - United States Court of Appeals for the Second Circuit Case 23-144 - Summary Order - 06 February 2024
Country
Year
2024
Summary
Upon due consideration, it is hereby ORDERED, ADJUDGED, and DECREED that the judgment of the district court is AFFIRMED.
Respondents-Appellants Terra Towers Corp. ("Terra") and TBS Management S.A. ("TBS") are the majority shareholders in Continental Towers LATAM Holdings Limited (the "Company"), which owns and operates telecom towers in Latin America. Petitioners-Appellees Telecom Business Solution, LLC ("Telecom"), LATAM Towers, LLC ("Towers"), and AMLQ Holdings (Cay), Ltd. ("AMLQ") are minority shareholders in the Company. The parties' relationship is governed by a shareholders' agreement ("SHA") that, inter alia, allows the minority shareholders to force a sale of the Company after a period of five years from the date of their initial investment. The SHA provides for binding arbitration of all disputes.