Arbitral Digest

Matter

Municipality of Macot La Plagne v IDIS Finance and Others

  1. 13 April 1995France

    13 April 1995France

    Judgment of the Administrative Court of Grenoble dated 13 April 1995

    Administrative Court of Grenoble

    Decision summary
    The court annulled the Municipality of Macot La Plagne's deliberation of 1 April 1988 withdrawing the authorization for the municipal guarantee.

    Supporting details

    5 participants
    Municipality of Macot La Plagne
    IDIS Finance
    CREDEM International
    Den Danske Bank International
    Seblux
    Administrative Court of Grenoble

    4 years, 8 months and 23 days later · 1728 days

  2. 5 January 2000France

    5 January 2000France

    Judgment of the French Council of State dated 5 January 2000

    French Council of State

    Decision summary
    The Council of State annulled the Administrative Court of Grenoble judgment because the banks' application had been brought out of time.

    Supporting details

    5 participants
    Municipality of Macot La Plagne
    IDIS Finance
    CREDEM International
    Den Danske Bank International
    Seblux
    French Council of State

    1 year, 2 months and 17 days later · 442 days

  3. 22 March 2001Switzerland

    22 March 2001Switzerland

    Judgment of the Court of First Instance of Geneva dated 22 March 2001

    Court of First Instance of Geneva

    Decision summary
    The court ordered the Municipality of Macot La Plagne to pay 4,500,000 Deutsche marks plus interest to each of the banks under the municipal guarantee.

    Supporting details

    5 participants
    Municipality of Macot La Plagne
    IDIS Finance
    CREDEM International
    Den Danske Bank International
    Seblux
    Court of First Instance of Geneva

    1 year later · 365 days

  4. 22 March 2002Switzerland

    22 March 2002Switzerland

    Judgment of the Court of Justice of the Canton and Republic of Geneva dated 22 March 2002

    Court of Justice of the Canton and Republic of Geneva

    Decision summary
    The court confirmed the judgment ordering the Municipality of Macot La Plagne to pay the banks 4,500,000 Deutsche marks plus interest each under the municipal guarantee.

    Supporting details

    5 participants
    Municipality of Macot La Plagne
    IDIS Finance
    CREDEM International
    Den Danske Bank International
    Seblux
    Court of Justice of the Canton and Republic of Geneva

    2 years, 3 months and 16 days later · 839 days

  5. 8 July 2004France

    8 July 2004France

    Judgment of the Chambéry Court of Appeal dated 8 July 2004

    Chambéry Court of Appeal

    Decision summary
    The court confirmed the order declaring enforceable in France the Geneva Court of Justice judgment of 22 March 2002 and the Geneva Court of First Instance judgment of 22 March 2001.

    Supporting details

    5 participants
    Municipality of Macot La Plagne
    IDIS Finance
    CREDEM International
    Den Danske Bank International
    Seblux
    Chambéry Court of Appeal

    1 year, 7 months and 20 days later · 600 days

  6. 28 February 2006France

    28 February 2006France

    Judgment of the French Court of Cassation, First Civil Chamber, dated 28 February 2006

    French Court of Cassation, First Civil Chamber

    Decision summary
    The Court of Cassation dismissed the Municipality of Macot La Plagne's appeal. It held that the Swiss decisions were not legally irreconcilable with the Conseil d'Etat decision and that enforcing the guarantee judgment did not violate French international public policy.

    Supporting details

    2 authorities · 5 participants
    Municipality of Macot La Plagne
    IDIS Finance
    CREDEM International
    Den Danske Bank International
    Seblux
    French Court of Cassation, First Civil Chamber

    Authorities cited

    2
    • Lugano Convention of 16 September 1988
      treaty
    • French New Code of Civil Procedure
      statute

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Municipality of Macot La Plagne v IDIS Finance and Others · Matter