Arbitral Digest

Matter

Bluestone Resources Inc v Caroleng Investments Limited (Paris Court of Appeal RG 20/17927)

Case no.
23546/MK
Applicable rules
ICC Arbitration Rules
  1. 13 May 2020Arbitration

    13 May 2020Arbitration

    Final Award of 13 May 2020

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The tribunal upheld the majority of Caroleng Investments Limited's claims and ordered Bluestone Resources Inc to pay approximately USD 6.5 million in damages for breaches of the Transaction Agreement, including more than USD 4.5 million in contingent payments.

    Supporting details

    5 participants
    Bluestone Resources Inc
    Caroleng Investments Limited
    International Court of Arbitration of the International Chamber of Commerce
    Arbitrator
    [Z] [R] [T]
    Arbitrator
    [W] [H] [N]
    Arbitrator
    [G] [O]

    2 months and 30 days later · 91 days

  2. 12 August 2020Arbitration

    12 August 2020Arbitration

    Decision and Addendum on Costs of 12 August 2020

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The tribunal rejected Bluestone Resources Inc's request for clarification and interpretation of the Final Award.

    Supporting details

    5 participants
    Bluestone Resources Inc
    Caroleng Investments Limited
    International Court of Arbitration of the International Chamber of Commerce
    Arbitrator
    [Z] [R] [T]
    Arbitrator
    [W] [H] [N]
    Arbitrator
    [G] [O]

    1 year, 10 months and 16 days later · 685 days

  3. 28 June 2022France

    28 June 2022France

    Judgment of the Paris Court of Appeal in case RG 20/17927 dated 28 June 2022

    Paris Court of Appeal

    Case no.
    RG 20/17927
    Citation
    No. 67/2022
    Decision summary
    The Paris Court of Appeal declared Bluestone Resources Inc's annulment grounds admissible but rejected its application to annul the 13 May 2020 Final Award and the 12 August 2020 addendum in ICC case 23546/MK. It ordered Bluestone to pay Caroleng Investments Limited EUR 100,000 under Article 700 of the French Code of Civil Procedure and the costs.

    Supporting details

    7 authorities · 15 participants
    Bluestone Resources Inc
    Representative
    Luca DE MARIA (For: Bluestone Resources Inc)
    Representative
    SELARL PELLERIN - DE MARIA - GUERRE (For: Bluestone Resources Inc)
    Representative
    Benjamin SIINO (For: Bluestone Resources Inc)
    Representative
    François BORDES (For: Bluestone Resources Inc)
    Representative
    AARPI GAILLARD BANIFATEMI SHELBAYA SIINO (For: Bluestone Resources Inc)
    Caroleng Investments Limited
    Representative
    Matthieu BOCCON GIBOD (For: Caroleng Investments Limited)
    Representative
    SELARL LEXAVOUE PARIS-VERSAILLES (For: Caroleng Investments Limited)
    Representative
    Jacques SIVIGNON (For: Caroleng Investments Limited)
    Representative
    PARTNERSHIPS DECHERT (Paris) LLP (For: Caroleng Investments Limited)
    Paris Court of Appeal
    Other
    Institutional administrator
    Najma EL FARISSI

    Authorities cited

    7
    • French Code of Civil Procedure, Article 122
      statute
    • French Code of Civil Procedure, Article 1466
      statute
    • French Code of Civil Procedure, Article 1506
      statute
    • French Code of Civil Procedure, Article 1520
      statute
    • French Code of Civil Procedure, Article 700
      statute
    • French Code of Civil Procedure, Article 789
      statute
    • French Code of Civil Procedure, Article 804
      statute

Matter record

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Bluestone Resources Inc v Caroleng Investments Limited (Paris Court of Appeal RG 20/17927) · Matter