Arbitral Digest

Matter

Benvenutti et Bonfant v People's Republic of the Congo

  1. 8 August 1980Arbitration

    8 August 1980Arbitration

    ICSID Arbitral Award of 8 August 1980

    International Centre for Settlement of Investment Disputes

    Decision summary
    The award ordered the People's Republic of the Congo to pay Benvenutti et Bonfant 6,463,583 French francs in principal.

    Supporting details

    2 participants
    Benvenutti et Bonfant
    People's Republic of the Congo
    International Centre for Settlement of Investment Disputes

    4 years, 7 months and 4 days later · 1677 days

  2. 12 March 1985France

    12 March 1985France

    Judgment of the Paris Court of Appeal dated 12 March 1985

    Paris Court of Appeal

    Decision summary
    The Paris Court of Appeal declared void the attachment made against Banque commerciale congolaise in an effort to obtain payment of the Congo's debt to Benvenutti et Bonfant.

    Supporting details

    4 participants
    Benvenutti et Bonfant
    People's Republic of the Congo
    Banque commerciale congolaise
    Crédit lyonnais
    Paris Court of Appeal
  3. Date not availableFrance

    Date not availableFrance

    Judgment of the French Court of Cassation in Benvenutti et Bonfant v People's Republic of the Congo

    French Court of Cassation

    Decision summary
    The Court of Cassation rejected Benvenutti et Bonfant's appeal and upheld the conclusion that Banque commerciale congolaise was a distinct commercial company, not an emanation of the Congolese state; the creditor therefore could not treat the bank as liable for the Congo's debt or attach its account on that basis.

    Supporting details

    4 participants
    Benvenutti et Bonfant
    People's Republic of the Congo
    Banque commerciale congolaise
    Crédit lyonnais
    French Court of Cassation

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Benvenutti et Bonfant v People's Republic of the Congo · Matter