Matter
Banque Franco Tunisienne v Arab Business Consortium International Finance and Investment Company
- 27 February 1997France
27 February 1997France
Judgment of the Paris Court of Appeal dated 27 February 1997
Paris Court of Appeal
- Decision summary
- The Paris Court of Appeal held that Banque Franco Tunisienne had expressly accepted and undertaken to execute the arbitral award, thereby acquiescing in it and making its annulment application inadmissible.
Supporting details
2 participantsBanque Franco Tunisienne
Arab Business Consortium International Finance and Investment Company
Paris Court of Appeal
2 years, 10 months and 15 days later · 1048 days
- 11 January 2000France
11 January 2000France
Judgment of the French Court of Cassation, First Civil Chamber, dated 11 January 2000
French Court of Cassation, First Civil Chamber
- Decision summary
- The French Court of Cassation rejected Banque Franco Tunisienne's appeal and upheld the inadmissibility of its challenge to the arbitral award because its acceptance and execution of the award constituted acquiescence. Banque Franco Tunisienne was ordered to pay the costs, while ABCI's application under Article 700 of the French New Code of Civil Procedure was rejected.
Supporting details
2 authorities · 9 participantsBanque Franco Tunisienne
- Representative
- Me Foussard (For: Banque Franco Tunisienne)
Arab Business Consortium International Finance and Investment Company
- Representative
- Me Blondel (For: Arab Business Consortium International Finance and Investment Company)
French Court of Cassation, First Civil Chamber
- Judge
- M. Lemontey
- Judge
- M. Jean-Pierre Ancel
- Judge
- M. Renard-Payen
- Advocate General
- M. Roehrich
Other
- Institutional administrator
- Mme Aydalot
- Date not availableArbitration
Date not availableArbitration
Arbitral award challenged in the annulment proceedings
Supporting details
2 participantsBanque Franco Tunisienne
Arab Business Consortium International Finance and Investment Company