Matter
Banque Zenith OAO v [K] [S] and [L] [D] [V] (Paris Court of Appeal RG 18/27180)
- 24 March 2011Russia
24 March 2011Russia
Judgment of the Pétrogradski District Court of Saint Petersburg dated 24 March 2011 (case 2-30/11)
Pétrogradski District Court of Saint Petersburg
- Decision summary
- The court ordered [K] [S] and [L] [D] [V] to pay Banque Zenith OAO 180,032,078.75 roubles jointly, ordered the auction sale and seizure of three mortgaged apartments, and awarded separate litigation expenses against each debtor.
Supporting details
3 participants[K] [S]
[L] [D] [V]
Banque Zenith OAO
Pétrogradski District Court of Saint Petersburg
3 months and 6 days later · 98 days
- 30 June 2011Russia
30 June 2011Russia
Rectifying order of the Pétrogradski District Court of Saint Petersburg dated 30 June 2011 (case 2-30/11)
Pétrogradski District Court of Saint Petersburg
- Decision summary
- The court issued a rectifying order under case 2-30/11 concerning its 24 March 2011 judgment against [K] [S] and [L] [D] [V] in favour of Banque Zenith OAO.
1 month and 5 days later · 35 days
- 4 August 2011Russia
4 August 2011Russia
Decision of the Court of Saint Petersburg dated 4 August 2011 (case 33-11876)
Court of Saint Petersburg
- Decision summary
- The appellate court confirmed the 24 March 2011 judgment of the Pétrogradski District Court against [K] [S] and [L] [D] [V] in favour of Banque Zenith OAO.
Supporting details
3 participants[K] [S]
[L] [D] [V]
Banque Zenith OAO
Court of Saint Petersburg
1 month and 25 days later · 56 days
- 29 September 2011Russia
29 September 2011Russia
Rectifying order of the Pétrogradski District Court of Saint Petersburg dated 29 September 2011 (case 2-30/11)
Pétrogradski District Court of Saint Petersburg
- Decision summary
- The court issued a rectifying order under case 2-30/11 concerning its 24 March 2011 judgment against [K] [S] and [L] [D] [V] in favour of Banque Zenith OAO.
3 years, 4 months and 13 days later · 1231 days
- 11 February 2015France
11 February 2015France
Judgment of the Tribunal de grande instance of Paris dated 11 February 2015
Tribunal de grande instance of Paris
- Decision summary
- The court declared enforceable in France the Russian judgment, rectifying orders and appellate decision concerning Banque Zenith OAO, [K] [S] and [L] [D] [V], rejected the defendants' objection, and ordered them to pay costs and EUR 5,000 under article 700 of the French Code of Civil Procedure.
1 year, 11 months and 20 days later · 720 days
- 31 January 2017France
31 January 2017France
Decision of the Court of Appeal of Paris dated 31 January 2017
Court of Appeal of Paris
- Decision summary
- The court confirmed the Paris first-instance judgment declaring the Russian decisions enforceable in France, rejected the objection based on lack of interest to act, and ordered [K] [S] and [L] [D] [V] to pay Banque Zenith OAO EUR 6,000 under article 700 of the French Code of Civil Procedure.
1 year, 8 months and 16 days later · 624 days
- 17 October 2018France
17 October 2018France
Decision of the First Civil Chamber of the Court of Cassation dated 17 October 2018 (appeal 17-18.995)
Court of Cassation, First Civil Chamber
- Decision summary
- The Court of Cassation quashed in full the 31 January 2017 Paris Court of Appeal decision and remitted the matter to a differently composed court, holding that the appellate court had not fully examined whether the rates applied by the Russian decisions were concretely contrary to international public policy.
1 year, 7 months and 16 days later · 594 days
- 2 June 2020France
2 June 2020France
Decision of the Court of Appeal of Paris in the case RG 18/27180 dated 2 June 2020
Court of Appeal of Paris
- Decision summary
- The court rejected the objection that Banque Zenith OAO lacked a present interest to act, but reversed the Paris first-instance judgment and rejected exequatur in France of the Russian judgment, rectifying orders and appellate decision. It held that the 30% annual penalty interest, periodically recalculated on substantial outstanding sums, violated French international public policy, and ordered the bank to pay EUR 2,500 under article 700 of the French Code of Civil Procedure and the costs.
Supporting details
3 authorities · 10 participants[K] [S]
- Representative
- Marie-Catherine VIGNES (For: [K] [S] · [L] [D] [V] épouse [S])
- Representative
- Yves ROUSSARIE (For: [K] [S] · [L] [D] [V] épouse [S])
[L] [D] [V] épouse [S]
- Representative
- Marie-Catherine VIGNES (For: [K] [S] · [L] [D] [V] épouse [S])
- Representative
- Yves ROUSSARIE (For: [K] [S] · [L] [D] [V] épouse [S])
Banque Zenith OAO
- Representative
- Mazvydas MICHALAUSKAS (For: Banque Zenith OAO)
Court of Appeal of Paris
- Judge
- Anne BEAUVOIS
- Judge
- Jean LECAROZ
Other
- Institutional administrator
- Mélanie PATE