Matter
Dresser-Rand Group Inc and Dresser-Rand Holdings Spain SLU v Centauro Capital SLU et al. (Paris Court of Appeal 15/06036)
- 11 February 2015Arbitration
11 February 2015Arbitration
ICC arbitral award issued in Paris on 11 February 2015
International Chamber of Commerce
- Decision summary
- The tribunal unanimously held that the Mercapital loan was included among the items potentially comprising the debt and was to be examined by the court-appointed expert. By majority, it held that the sellers had breached their obligation to provide sincere and complete accounting documents concerning the Eletrobras debt, but that Dresser-Rand could not invoke the liability guarantee because it had actual knowledge of the breach before the sale.
Supporting details
17 participantsDRESSER-RAND GROUP INC
DRESSER-RAND HOLDINGS SPAIN, S.LU.
DIANA CAPITAL I, F.C.R.
FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO
E-NOVATING VENTURE, S.L.
OPCION FOTOVOLTAICA 24, S.L.
CAIXA CAPITAL FONDOS
CENTAURO CAPITAL, S.L.U.
VILLAMENDI, S.L.
SEI TA LAU, S.L.
SUGAR MAGNOLIA 2003, S.L.
IBAINARKO, S.L.
ALDAIA BI, S.L.
EL PORTILLO 2005, S.L.
International Chamber of Commerce
2 years and 17 days later · 748 days
- 28 February 2017France
28 February 2017France
Judgment of the Paris Court of Appeal, Division 1 - Chamber 1, in case 15/06036 dated 28 February 2017
Paris Court of Appeal, Division 1 - Chamber 1
- Decision summary
- The court dismissed Dresser-Rand Group Inc and Dresser-Rand Holdings Spain SLU's partial application to set aside the 11 February 2015 ICC award concerning the Eletrobras debt. The dismissal conferred exequatur on the award; the court ordered the two Dresser-Rand companies to pay the cedants EUR 100,000 under article 700 of the French Code of Civil Procedure and the costs.
Supporting details
2 authorities · 24 participantsDRESSER-RAND GROUP INC
- Representative
- François TEYTAUD (For: DRESSER-RAND GROUP INC · DRESSER-RAND HOLDINGS SPAIN, S.LU.)
- Representative
- Karim BOULMELH (For: DRESSER-RAND GROUP INC · DRESSER-RAND HOLDINGS SPAIN, S.LU.)
- Representative
- Baker McKenzie (For: DRESSER-RAND GROUP INC · DRESSER-RAND HOLDINGS SPAIN, S.LU.)
DRESSER-RAND HOLDINGS SPAIN, S.LU.
- Representative
- François TEYTAUD (For: DRESSER-RAND GROUP INC · DRESSER-RAND HOLDINGS SPAIN, S.LU.)
- Representative
- Karim BOULMELH (For: DRESSER-RAND GROUP INC · DRESSER-RAND HOLDINGS SPAIN, S.LU.)
- Representative
- Baker McKenzie (For: DRESSER-RAND GROUP INC · DRESSER-RAND HOLDINGS SPAIN, S.LU.)
DIANA CAPITAL I, F.C.R.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
E-NOVATING VENTURE, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
OPCION FOTOVOLTAICA 24, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
CAIXA CAPITAL FONDOS
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
CENTAURO CAPITAL, S.L.U.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
VILLAMENDI, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
SEI TA LAU, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
SUGAR MAGNOLIA 2003, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
IBAINARKO, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
ALDAIA BI, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
EL PORTILLO 2005, S.L.
- Representative
- Harold HERMAN (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
- Representative
- Claire MAURICE BENHAIM (For: DIANA CAPITAL I, F.C.R. · FOND-ICOPYME, F.C.R. DE REGIMEN SIMPLIFICADO · E-NOVATING VENTURE, S.L. · OPCION FOTOVOLTAICA 24, S.L. · CAIXA CAPITAL FONDOS · CENTAURO CAPITAL, S.L.U. · VILLAMENDI, S.L. · SEI TA LAU, S.L. · SUGAR MAGNOLIA 2003, S.L. · IBAINARKO, S.L. · ALDAIA BI, S.L. · EL PORTILLO 2005, S.L.)
Paris Court of Appeal, Division 1 - Chamber 1
- Judge
- Dominique GUIHAL
- Judge
- SALVARY
- Judge
- LECAROZ
Other
- Institutional administrator
- Mélanie PATE
- Expert
- [B] [O]
- Date not availableArbitration
Date not availableArbitration
ICC Procedural Order No. 1
International Chamber of Commerce
- Decision summary
- Procedural Order No. 1 provided that the tribunal could refer to the 2010 IBA Rules on the Taking of Evidence in International Arbitration for procedural matters not otherwise provided for.
Supporting details
3 participants