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A large-S approach to the description of chiral phases in frustrated antiferromagnetic spin-S chains with easy-plane anisotropy is proposed. The approach is valid in the vicinity of the classical Lifshitz point j=1/4, where j is the relative strength of the frustrating next-nearest-neighbor coupling. The effective theory turns out to be the nonlinear sigma-model with the additional fourth-order term in spatial derivatives. The topological term persists for j>1/4, which leads to disappearance of the chiral gapped phase for half-integer S, in accordance with the recent numerical results.

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