Matter
Beyton Limited v Société Générale (French Court of Cassation, Commercial, Financial and Economic Chamber, 16 May 1995)
- 16 May 1995France
16 May 1995France
Decision of the Court of Cassation, Commercial, Financial and Economic Chamber dated 16 May 1995
Court of Cassation, Commercial, Financial and Economic Chamber
- Decision summary
- The Court of Cassation rejected Beyton Limited's appeal against the Paris Court of Appeal's refusal to order Société Générale to pay under two guarantees. It held that the guarantees were documentary guarantees, not guarantees payable on first demand, because payment depended on production of an arbitral award meeting the contractual condition; Beyton's remaining arguments rested on a factual premise not found by the Court of Appeal. Beyton Limited was ordered to pay costs and enforcement expenses.
Supporting details
9 participantsBeyton Limited
- Representative
- SCP Boré et Xavier (For: Beyton Limited)
Société Générale
- Representative
- SCP Célice et Blancpain (For: Société Générale)
Court of Cassation, Commercial, Financial and Economic Chamber
- Judge
- M. Bézard
- Judge
- M. Dumas
- Judge
- M. Nicot
- Advocate General
- Mme Piniot
Other
- Institutional administrator
- Mme Arnoux