The judgment handed down by a Swedish arbitration tribunal on September 30 was a victory for Danone over Zong Qinghou, the French food group’s  JV partner since 1996 and founder of beverage-maker Wahaha Group. A three-member tribunal convened by the Stockholm Chamber of Commerce’s Arbitration Institute ruled that Mr. Zong had breached confidentiality and non-competition agreements.

The tribunal also ordered that Mr Zong should stop using the Wahaha Trademarks and any other intellectual property rights which belong to the JV and orders that Mr Zong transfer them to the JV. On the same day that this judgment was handed down, Danone and Mr Zong formally ended their partnership. Under the terms of the peace agreement, Mr Zong agreed to pay Danone €300m ($450m) for its controlling 51 per cent stake in their JV operations.

You may read a detailed history of this here.