Matter
Alpha Petrovision Holding AG v IPSA Holding (French Court of Cassation G 19-25.153)
- 23 December 2016Switzerland
23 December 2016Switzerland
Arbitral Award issued in Zurich on 23 December 2016
- Decision summary
- The arbitral tribunal ordered IPSA Holding to pay Alpha Petrovision Holding AG EUR 3,310,399.16 in principal and interest, together with further interest, fees and costs, in the dispute concerning the share-transfer agreement and its price supplements.
Supporting details
6 participants17 days later · 17 days
- 9 January 2017France
9 January 2017France
Judgment of the Paris Commercial Court opening safeguard proceedings for IPSA Holding dated 9 January 2017
Paris Commercial Court
- Decision summary
- The Paris Commercial Court opened safeguard proceedings for IPSA Holding and appointed CBF associés as administrator and I...-O... as judicial representative.
Supporting details
3 participantsIPSA Holding
Paris Commercial Court
Other
- Institutional administrator
- CBF associés
- Institutional administrator
- I...-O...
2 months and 1 day later · 60 days
- 10 March 2017France
10 March 2017France
Order of the President of the Paris Tribunal of First Instance granting exequatur to the award dated 10 March 2017
President of the Paris Tribunal of First Instance
- Decision summary
- The order declared the Zurich arbitral award executable in France; the subsequent appellate proceedings preserved recognition and opposability but removed executory effect for the monetary condemnation during the safeguard proceedings.
Supporting details
2 participantsAlpha Petrovision Holding AG
IPSA Holding
President of the Paris Tribunal of First Instance
10 months and 1 day later · 307 days
- 11 January 2018Switzerland
11 January 2018Switzerland
Judgment of the Swiss Federal Supreme Court rejecting the challenge to the arbitral award dated 11 January 2018
Swiss Federal Supreme Court
- Decision summary
- The Swiss Federal Supreme Court rejected the challenge brought against the Zurich arbitral award.
Supporting details
2 participantsAlpha Petrovision Holding AG
IPSA Holding
Swiss Federal Supreme Court
4 months and 11 days later · 131 days
- 22 May 2018France
22 May 2018France
Order of the insolvency judge on admission of Alpha Petrovision Holding AG's claim dated 22 May 2018
- Decision summary
- The insolvency judge stayed determination of admission of Alpha Petrovision Holding AG's claim pending the Paris Court of Appeal's decision on the appeal from the exequatur order.
Supporting details
2 participantsAlpha Petrovision Holding AG
IPSA Holding
4 months and 10 days later · 133 days
- 2 October 2018France
2 October 2018France
Judgment adopting IPSA Holding's safeguard plan dated 2 October 2018
- Decision summary
- The judgment adopted a four-year safeguard plan for IPSA Holding, against which Alpha Petrovision Holding AG brought a third-party opposition.
Supporting details
2 participantsIPSA Holding
Alpha Petrovision Holding AG
10 months and 4 days later · 308 days
- 6 August 2019France
6 August 2019France
Judgment of the Paris Court of Appeal in case RG 19/02553 dated 6 August 2019
Paris Court of Appeal, Pôle 5, Chamber 8
- Decision summary
- The Paris Court of Appeal declared Alpha Petrovision Holding AG's third-party opposition to the judgment adopting IPSA Holding's safeguard plan inadmissible.
Supporting details
2 participantsAlpha Petrovision Holding AG
IPSA Holding
Paris Court of Appeal, Pôle 5, Chamber 8
1 year, 3 months and 6 days later · 464 days
- 12 November 2020France
12 November 2020France
Judgment of the French Court of Cassation, Commercial, Financial and Economic Chamber, in case F 19-18.849 dated 12 November 2020
French Court of Cassation, Commercial, Financial and Economic Chamber
- Citation
- Arrêt n° 639 F-P+B
- Decision summary
- The Court of Cassation rejected both appeals. French exequatur could recognize and make the Zurich award opposable in France after declaration of the claim, but could not make the monetary condemnation executable during IPSA Holding's safeguard proceedings.
Supporting details
2 authorities · 11 participantsIPSA Holding
- Representative
- SCP Ortscheidt (For: IPSA Holding · CBF associés · I...-O...)
CBF associés
- Representative
- SCP Ortscheidt (For: IPSA Holding · CBF associés · I...-O...)
I...-O...
- Representative
- SCP Ortscheidt (For: IPSA Holding · CBF associés · I...-O...)
Alpha Petrovision Holding AG
- Representative
- SCP Thouin-Palat et Boucard (For: Alpha Petrovision Holding AG)
French Court of Cassation, Commercial, Financial and Economic Chamber
Other
- Court Reporter
- Fornarelli
7 months and 4 days later · 216 days
- 16 June 2021France
16 June 2021France
Judgment of the French Court of Cassation, Commercial, Financial and Economic Chamber, in case G 19-25.153 dated 16 June 2021
French Court of Cassation, Commercial, Financial and Economic Chamber
- Citation
- Arrêt n° 524 F-D
- Decision summary
- The Court of Cassation rejected Alpha Petrovision Holding AG's third-party opposition appeal and upheld the finding that its opposition to the judgment adopting IPSA Holding's safeguard plan was inadmissible. The alleged fraud and distinct interest were not established.
Supporting details
2 authorities · 13 participantsAlpha Petrovision Holding AG
- Representative
- SCP Thouin-Palat et Boucard (For: Alpha Petrovision Holding AG)
IPSA Holding
- Representative
- SCP Ortscheidt (For: IPSA Holding · CBF associés · [K])
CBF associés
- Representative
- SCP Ortscheidt (For: IPSA Holding · CBF associés · [K])
[K]
- Representative
- [X] [N] (For: [K])
- Representative
- SCP Ortscheidt (For: IPSA Holding · CBF associés · [K])
French Court of Cassation, Commercial, Financial and Economic Chamber
Other