Matter
Banque de l'économie du commerce et de la monétique (BECM) v Frovia (French Court of Cassation J 17-15.762)
- 5 November 2008France
5 November 2008France
Interim relief order of the Metz Regional Court, Commercial Chamber, dated 5 November 2008
Metz Regional Court, Commercial Chamber
- Decision summary
- The court prohibited BECM from paying EUR 3,441,151.30 under the documentary credit at its 11 November 2008 due date.
Supporting details
2 participantsBanque de l'économie du commerce et de la monétique (BECM)
Frovia
Metz Regional Court, Commercial Chamber
7 months and 17 days later · 229 days
- 22 June 2009Belgium
22 June 2009Belgium
Order of the Liège Commercial Court dated 22 June 2009
Liège Commercial Court
- Decision summary
- The court ordered sequestration of EUR 1,891,147.50 in the dispute between Frovia and Continental Steel Company AG.
Supporting details
2 participantsFrovia
Continental Steel Company AG
Liège Commercial Court
9 months and 24 days later · 297 days
- 15 April 2010Arbitration
15 April 2010Arbitration
Arbitral award dated 15 April 2010 between Angang group and Continental Steel Company AG
- Decision summary
- The award ordered Continental Steel Company AG to indemnify Angang group EUR 3,317,221.74, plus EUR 122,726.31 in interest.
Supporting details
2 participantsAngang group
Continental Steel Company AG
11 months and 14 days later · 348 days
- 29 March 2011France
29 March 2011France
Judgment of the Metz Court of Appeal, Commercial Chamber, dated 29 March 2011
Metz Court of Appeal, Commercial Chamber
- Decision summary
- The Metz Court of Appeal upheld the 5 November 2008 interim order prohibiting BECM from making the documentary-credit payment.
Supporting details
4 participantsBanque de l'économie du commerce et de la monétique (BECM)
Frovia
Angang group
Continental Steel Company AG
Metz Court of Appeal, Commercial Chamber
9 months and 13 days later · 288 days
- 11 January 2012Germany
11 January 2012Germany
Judgment of the Düsseldorf Court dated 11 January 2012
Düsseldorf Court
- Decision summary
- The court terminated the commercial contract underlying the documentary credit, removing the basis for the payment obligation.
Supporting details
2 participantsFrovia
Continental Steel Company AG
Düsseldorf Court
8 months and 7 days later · 251 days
- 18 September 2012France
18 September 2012France
Judgment of the Metz Regional Court dated 18 September 2012
Metz Regional Court
- Decision summary
- The court ordered BECM to release the pledges over the account, securities account and goods, and terminated the documentary-credit contract.
Supporting details
2 participantsBanque de l'économie du commerce et de la monétique (BECM)
Frovia
Metz Regional Court
6 years, 3 months and 1 day later · 2283 days
- 19 December 2018France
19 December 2018France
Decision of the French Court of Cassation, Commercial, Financial and Economic Chamber, in the case J 17-15.762 dated 19 December 2018
French Court of Cassation, Commercial, Financial and Economic Chamber
- Citation
- Decision no. 10658 F
- Decision summary
- The Court of Cassation rejected BECM's principal appeal against the Metz Court of Appeal judgment, ordered BECM to pay the costs, rejected its Article 700 claim, and ordered BECM to pay Frovia EUR 3,000 under Article 700 of the French Code of Civil Procedure.
Supporting details
6 authorities · 11 participantsBanque de l'économie du commerce et de la monétique (BECM)
- Representative
- Me C... (For: Banque de l'économie du commerce et de la monétique (BECM))
Frovia
- Representative
- SCP Claire Leduc et Solange Vigand (For: Frovia)
- Representative
- Claire Leduc (For: Frovia)
- Representative
- Solange Vigand (For: Frovia)
French Court of Cassation, Commercial, Financial and Economic Chamber
- Judge
- Mme Mouillard
- Judge
- Mme X...
- Judge
- M. Rémery
- Advocate General
- Mme Y...
Other
- Institutional administrator
- Mme Labat