Matter
Crédit Foncier de France v Gulf Leaders for Management and Services Holding
- 31 July 2012Arbitration
31 July 2012Arbitration
ICC arbitral award rendered in Paris on 31 July 2012
International Court of Arbitration of the International Chamber of Commerce
- Decision summary
- The tribunal rejected Gulf Leaders' claim for nullity of the loan contract, upheld CFF's termination, and ordered Gulf Leaders to repay the disbursed funds with interest and costs.
Supporting details
5 participants1 year, 7 months and 1 day later · 581 days
- 4 March 2014France
4 March 2014France
Judgment of the Paris Court of Appeal dated 4 March 2014
Paris Court of Appeal
- Decision summary
- The Paris Court of Appeal rejected Gulf Leaders' action to annul the ICC award, including its challenge based on an alleged corruption-related violation of international public policy.
Supporting details
2 participantsGulf Leaders for Management and Services Holding
Crédit Foncier de France
Paris Court of Appeal
1 year, 3 months and 20 days later · 477 days
- 24 June 2015France
24 June 2015France
Judgment of the French Court of Cassation, First Civil Chamber, dated 24 June 2015
French Court of Cassation, First Civil Chamber
- Decision summary
- The Court of Cassation dismissed Gulf Leaders' appeal, upheld the rejection of its action to annul the ICC award, ordered Gulf Leaders to pay the costs, and ordered it to pay CFF EUR 3,000 under article 700 of the French Code of Civil Procedure. It held that the award did not give effect to a contract obtained by corruption in violation of international public policy.
Supporting details
4 authorities · 3 participantsGulf Leaders for Management and Services Holding
- Representative
- SCP Delaporte, Briard et Trichet (For: Gulf Leaders for Management and Services Holding)
Crédit Foncier de France
French Court of Cassation, First Civil Chamber