Arbitral Digest

Matter

CNAN Group, Spa and International Bulk Carrier, Spa v CTI Group Inc., [C] Commercial Investment Group Limited and [U] [H] (French Court of Cassation T 15-21.880)

Applicable rules
ICC Rules of Arbitration
  1. 16 April 2013Arbitration

    16 April 2013Arbitration

    ICC Arbitral Award dated 16 April 2013

    International Chamber of Commerce

    Decision summary
    The arbitral tribunal declared that it had jurisdiction, terminated the loan agreements for breach by International Bulk Carrier, ordered it to pay sums to CTI Group and [C] Commercial Investment Group Limited, resolved the share-sale agreement, and ordered the return of International Bulk Carrier shares to CNAN Group.

    Supporting details

    7 participants
    CNAN Group, Spa
    International Bulk Carrier, Spa
    CTI Group Inc.
    [C] Commercial Investment Group Limited
    [U] [H]
    International Chamber of Commerce
    Arbitrator
    M. [S]

    3 years, 9 months and 16 days later · 1387 days

  2. 1 February 2017France

    1 February 2017France

    Decision of the French Court of Cassation, First Civil Chamber, in the case T 15-21.880 dated 1 February 2017

    French Court of Cassation, First Civil Chamber

    Case no.
    T 15-21.880
    Citation
    Cassation No. 171 F-D
    Decision summary
    The Court of Cassation quashed in its entirety the Paris Court of Appeal judgment of 23 June 2015 that had rejected CNAN Group and International Bulk Carrier's application to set aside the ICC award. It held that the Court of Appeal had failed to establish that it considered the applicants' latest submissions, remitted the case to that court differently composed, and ordered CTI Group to pay costs.

    Supporting details

    5 authorities · 12 participants
    CNAN Group, Spa
    Representative
    SCP Garreau, Bauer-Violas et Feschotte-Desbois (For: CNAN Group, Spa · International Bulk Carrier, Spa)
    International Bulk Carrier, Spa
    Representative
    SCP Garreau, Bauer-Violas et Feschotte-Desbois (For: CNAN Group, Spa · International Bulk Carrier, Spa)
    CTI Group Inc.
    Representative
    SCP Fabiani, Luc-Thaler et Pinatel (For: CTI Group Inc.)
    [C] Commercial Investment Group Limited
    [U] [H]
    French Court of Cassation, First Civil Chamber
    Advocate General
    M. Sassoust
    Other
    Court Reporter
    Mme Pecquenard

    Authorities cited

    5
    • French Code of Civil Procedure
      statute
    • French Civil Code
      statute
    • Algerian Civil Code
      statute
    • Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958)
      treaty
    • ICC Rules of Arbitration
      institutional rules

Matter record

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CNAN Group, Spa and International Bulk Carrier, Spa v CTI Group Inc., [C] Commercial Investment Group Limited and [U] [H] (French Court of Cassation T 15-21.880) · Matter