Matter
Banque nationale de Paris and Crédit lyonnais v Al Kawthar Investment Public Share Holding Company LTD
- 1 March 1991Arbitration
1 March 1991Arbitration
Partial arbitral award dated 1 March 1991
International Chamber of Commerce
- Decision summary
- The tribunal held that Arab Mineral Water was no longer a party to the arbitration, that Al Kawthar Investment was the defendant and assumed Arab Mineral Water's potential obligations to the claimant banks subject to a reserved limitation issue, that the banks had not waived arbitration, and that the tribunal remained competent in CCI No. 6223.
Supporting details
5 participantsBanque nationale de Paris
Crédit lyonnais
Arab Mineral Water
Al Kawthar Investment Public Share Holding Company LTD
International Chamber of Commerce
- Institutional administrator
- International Chamber of Commerce
7 months and 24 days later · 238 days
- 25 October 1991Arbitration
25 October 1991Arbitration
Final arbitral award dated 25 October 1991
International Chamber of Commerce
- Decision summary
- The tribunal ordered Al Kawthar Investment to pay principal sums to Banque nationale de Paris and to Banque nationale de Paris and Crédit lyonnais, with interest and capitalization; it allocated the arbitration costs to Al Kawthar Investment and ordered it to pay the two banks FF 350,000 toward arbitration fees and expenses.
Supporting details
4 participantsBanque nationale de Paris
Crédit lyonnais
Al Kawthar Investment Public Share Holding Company LTD
International Chamber of Commerce
- Institutional administrator
- International Chamber of Commerce
1 year, 4 months and 14 days later · 503 days
- 11 March 1993France
11 March 1993France
Judgment of the Paris Court of Appeal dated 11 March 1993
Paris Court of Appeal
- Decision summary
- The Paris Court of Appeal rejected Al Kawthar Investment's challenge to the ICC partial and final awards and ordered it to pay Banque nationale de Paris and Crédit lyonnais 30,000 French francs under Article 700 of the French New Code of Civil Procedure and the costs.
Supporting details
3 participantsAl Kawthar Investment CO LTD AKI
Banque nationale de Paris
Crédit lyonnais
Paris Court of Appeal
- Date not availableFrance
Date not availableFrance
Order of the French Court of Cassation in case 93-17.422
French Court of Cassation
- Decision summary
- The Court ordered the Cassation proceeding opened by Al Kawthar Investment's 2 August 1993 appeal against the Paris Court of Appeal judgment of 11 March 1993 to be removed from the court roll. The proceeding could be restored only by express authorization, and its procedural time limits could resume from an order restoring it.
Supporting details
4 authorities · 3 participantsBanque nationale de Paris
Crédit lyonnais
Al Kawthar Investment CO LTD AKI
French Court of Cassation