Matter
Commercial Bank Guinéa Ecuatorial v State of Equatorial Guinea (French Court of Cassation, Second Civil Chamber, Appeal No. U 24-10.394, 5 March 2026)
- 24 May 2009Arbitration
24 May 2009Arbitration
Arbitral Award of the Common Court of Justice and Arbitration of Abidjan dated 24 May 2009
- Decision summary
- The award ordered the State of Equatorial Guinea to pay a sum of money to Commercial Bank Guinéa Ecuatorial.
Supporting details
3 participantsCommercial Bank Guinéa Ecuatorial
State of Equatorial Guinea
Institution
- Institutional administrator
- Common Court of Justice and Arbitration of Abidjan
1 month and 21 days later · 52 days
- 15 July 2009France
15 July 2009France
Exequatur Order dated 15 July 2009
- Decision summary
- The arbitral award of 24 May 2009 was granted exequatur.
1 year, 4 months and 3 days later · 491 days
- 18 November 2010France
18 November 2010France
Judgment of a Court of Appeal dated 18 November 2010
- Decision summary
- The exequatur of the 24 May 2009 arbitral award was confirmed on appeal.
12 years, 5 months and 3 days later · 4537 days
- 21 April 2023France
21 April 2023France
Order of the Enforcement Judge dated 21 April 2023
Enforcement Judge of a Judicial Court
- Decision summary
- The enforcement judge rejected Commercial Bank Guinéa Ecuatorial's request for authorization to make a conservatory seizure over the sale proceeds of the confiscated property.
Supporting details
1 participantCommercial Bank Guinéa Ecuatorial
Enforcement Judge of a Judicial Court
6 months and 12 days later · 195 days
- 2 November 2023France
2 November 2023France
Judgment of the Paris Court of Appeal, Division 1, Chamber 10 dated 2 November 2023
Paris Court of Appeal, Division 1, Chamber 10
- Decision summary
- The Paris Court of Appeal confirmed the rejection of Commercial Bank Guinéa Ecuatorial's request for authorization to make a conservatory seizure over the sale proceeds of the confiscated property.
Supporting details
1 participantCommercial Bank Guinéa Ecuatorial
Paris Court of Appeal, Division 1, Chamber 10
2 years, 4 months and 3 days later · 854 days
- 5 March 2026France
5 March 2026France
Judgment of the French Court of Cassation, Second Civil Chamber, in appeal No. U 24-10.394 dated 5 March 2026
French Court of Cassation, Second Civil Chamber
- Citation
- Cour de cassation, deuxième chambre civile, 5 March 2026, appeal No. U 24-10.394, ECLI:FR:CCASS:2026:C200190
- Decision summary
- The Court of Cassation rejected Commercial Bank Guinéa Ecuatorial's appeal and ordered it to pay costs. It held that the proceeds from the sale of property confiscated in France were allocated to the French State under the statutory restitution mechanism and did not belong to, or become owed to, Equatorial Guinea, so the requested conservatory seizure could not be authorized.
Supporting details
6 authorities · 8 participantsCommercial Bank Guinéa Ecuatorial
- Representative
- SCP Le Bret-Desaché (For: Commercial Bank Guinéa Ecuatorial)
Public Prosecutor at the Paris Court of Appeal
French Court of Cassation, Second Civil Chamber
- Advocate General
- Mr Adida-Canac
- Judge
- Ms Martinel
- Judge
- Ms Chevet
- Judge
- Ms Durin-Karsenty
Other
- Court Reporter
- Ms Gratian