Matter
Company [K] [J] [V] [N] ET FILS v Libya (Paris Court of Appeal RG 21/14388)
- 22 March 2013Arbitration
22 March 2013Arbitration
Final arbitral award rendered in Cairo on 22 March 2013
Cairo Regional Centre for International Commercial Arbitration
- Decision summary
- The tribunal ordered the Government of Libya, the Libyan Ministries of Economy and Finance, and the General Council for the Promotion of Investment and Privatisation to pay Company [K] [J] [V] [N] ET FILS US$936,940,000 with interest at 4%.
Supporting details
5 participantsCompany [K] [J] [V] [N] ET FILS
Government of Libya
Libyan Ministry of Economy
Libyan Ministry of Finance
General Council for the Promotion of Investment and Privatisation
Cairo Regional Centre for International Commercial Arbitration
1 month and 21 days later · 52 days
- 13 May 2013France
13 May 2013France
Order of the President of the Paris Tribunal de grande instance dated 13 May 2013
Paris Tribunal de grande instance
- Decision summary
- The order declared enforceable in France the final arbitral award rendered in Cairo on 22 March 2013.
1 year, 5 months and 15 days later · 533 days
- 28 October 2014France
28 October 2014France
Judgment of the Paris Court of Appeal dated 28 October 2014
Paris Court of Appeal
- Decision summary
- The court confirmed the 13 May 2013 order declaring the Cairo arbitral award enforceable in France.
4 years and 7 months later · 1673 days
- 28 May 2019France
28 May 2019France
Judgment of the Paris Court of Appeal dated 28 May 2019
Paris Court of Appeal, Pole 1 Chamber 1
- Decision summary
- The court declared Central Bank of Libya's third-party opposition to the 28 October 2014 exequatur judgment inadmissible.
1 year, 11 months and 28 days later · 729 days
- 26 May 2021France
26 May 2021France
Judgment of the French Court of Cassation dated 26 May 2021
French Court of Cassation
- Decision summary
- The court quashed and annulled the 28 May 2019 Paris Court of Appeal judgment, holding that third-party opposition is an ordinary remedy against the exequatur decision for a foreign arbitral award.
26 days later · 26 days
- 21 June 2021Egypt
21 June 2021Egypt
Judgment of the Egyptian Court of Cassation dated 21 June 2021
Egyptian Court of Cassation
- Decision summary
- The judgment concluded the challenge to the Cairo arbitral award, after which the award became final.
1 year, 6 months and 13 days later · 561 days
- 3 January 2023France
3 January 2023France
Judgment of the Paris Court of Appeal, International Commercial Chamber, in case RG 21/14388 dated 3 January 2023
Paris Court of Appeal, International Commercial Chamber, Pole 5 Chamber 16
- Decision summary
- The court declared Central Bank of Libya's third-party opposition to the Paris Court of Appeal's 28 October 2014 exequatur judgment inadmissible because it had no personal and distinct current interest in challenging that decision. It declared the related claims of the Libyan parties inadmissible, rejected Company [K] [J] [V] [N] ET FILS's claim for damages for abusive proceedings, and ordered Central Bank of Libya to pay €10,000 under Article 700 of the French Code of Civil Procedure and the costs.
Supporting details
1 authority · 11 participantsCentral Bank of Libya
Company [K] [J] [V] [N] ET FILS
Government of Libya
Libyan Ministry of Economy
Libyan Ministry of Finance
General Council for the Promotion of Investment and Privatisation
Libyan Investment Authority
Paris Court of Appeal, International Commercial Chamber, Pole 5 Chamber 16
- Judge
- Daniel BARLOW
- Judge
- Laure ALDEBERT
- Judge
- François MELIN
Other
- Court Reporter
- Najma EL FARISSI