Matter
Dakin International Ltd and Mr X... v Financial Technologies Middle East DMCC and FT Group Investments Private Ltd
- 14 April 2011United Kingdom
14 April 2011United Kingdom
ICC Arbitral Award rendered in London on 14 April 2011
International Chamber of Commerce
- Decision summary
- The award recognized the arbitrator's jurisdiction over Mr X... and ordered FTME and FTGIPL to transfer the 20% of ACE's capital acquired by them to Dakin and Mr X... after payment of USD 5,000,000; it rejected the related damages claims and ruled on arbitration costs.
Supporting details
5 participantsDakin International Ltd
Financial Technologies Middle East DMCC
FT Group Investments Private Ltd
Mr X...
International Chamber of Commerce
- Arbitrator
- Mr Y...
9 months and 4 days later · 279 days
- 18 January 2012France
18 January 2012France
Order of the President of the Paris Tribunal de grande instance dated 18 January 2012
President of the Paris Tribunal de grande instance
- Decision summary
- The order granted exequatur in France to the ICC award rendered in London on 14 April 2011.
Supporting details
4 participantsDakin International Ltd
Mr X...
Financial Technologies Middle East DMCC
FT Group Investments Private Ltd
President of the Paris Tribunal de grande instance
2 years and 3 days later · 734 days
- 21 January 2014France
21 January 2014France
Judgment of the Paris Court of Appeal in case 12/13956 dated 21 January 2014
Paris Court of Appeal, Pôle 1, Chamber 1
- Decision summary
- The court rejected the request for a stay, confirmed the 18 January 2012 order granting exequatur to the London ICC award, and held that Mr X... was personally bound by the share purchase agreement and its arbitration clause as guarantor. It ordered Mr X... to pay the costs and EUR 60,000 under article 700 of the French Code of Civil Procedure to FTME and FTGIPL.
Supporting details
1 authority · 4 participantsDakin International Ltd
Mr X...
Financial Technologies Middle East DMCC
FT Group Investments Private Ltd
Paris Court of Appeal, Pôle 1, Chamber 1
1 year, 8 months and 16 days later · 624 days
- 7 October 2015France
7 October 2015France
Judgment of the French Court of Cassation, First Civil Chamber dated 7 October 2015
French Court of Cassation, First Civil Chamber
- Decision summary
- The Court of Cassation dismissed Mr X...'s appeal, upheld the Paris Court of Appeal's confirmation of exequatur for the 14 April 2011 London ICC award, and held that Mr X... was personally bound by the arbitration agreement as guarantor of the share purchase agreement. It ordered him to pay the costs and EUR 3,000 under article 700 of the French Code of Civil Procedure to FTGIPL and FTME.
Supporting details
1 authority · 4 participantsDakin International Ltd
Mr X...
Financial Technologies Middle East DMCC
FT Group Investments Private Ltd
French Court of Cassation, First Civil Chamber