Matter
[G] Renewables LLC v Government of Georgia (Paris Court of Appeal RG 25/01855)
- 13 November 2024Arbitration
13 November 2024Arbitration
Final Award
International Court of Arbitration of the International Chamber of Commerce
- Decision summary
- The tribunal declared that [G] had validly terminated the BOO Agreement effective 21 October 2021 and validly transferred the Transferable Assets to the Government of Georgia. It rejected the DRT Determination as a binding approved auditor's certificate, determined the Fair Market Value of the Transferable Assets, ordered payment of the stated compensation, tax gross-up, costs and interest, ordered the return of the USD 1,500,000 Preconstruction Security, and rejected all other relief.
Supporting details
5 participants1 month and 24 days later · 54 days
- 6 January 2025Arbitration
6 January 2025Arbitration
Addendum to the Final Award
International Court of Arbitration of the International Chamber of Commerce
- Decision summary
- The tribunal rectified the Final Award to state that the applicable interest rate is SOFR+4%.
Supporting details
5 participants11 months and 3 days later · 337 days
- 9 December 2025France
9 December 2025France
Order of the Paris Court of Appeal, Division 5 - Chamber 16, in the case RG 25/01855 dated 9 December 2025
Paris Court of Appeal, Division 5 - Chamber 16
- Decision summary
- The case-management judge granted exequatur to the ICC Final Award of 13 November 2024 and its 6 January 2025 Addendum. The judge stayed execution of both awards until the Paris Court of Appeal rules on the joined annulment proceedings, rejected [G] Renewables LLC's request to arrange execution by consignation, ordered each party to bear its own incident costs, and rejected both parties' claims under Article 700 of the French Code of Civil Procedure.
Supporting details
2 authorities · 16 participants- Application
- Exequatur of the ICC Final Award and Addendum — Granted
- Application
- Stay of execution pending the annulment proceedings — Granted
- Application
- Arrangement of execution by consignation — Rejected
- Application
- Claims under Article 700 of the French Code of Civil Procedure — Rejected for both parties
Government of Georgia
- Representative
- Matthieu Boccon Gibod (For: Government of Georgia)
- Representative
- SELARL LX Paris-Versailles-Reims (For: Government of Georgia)
- Representative
- Charles Nairac (For: Government of Georgia)
- Representative
- Max Tintignac (For: Government of Georgia)
- Representative
- Lea Gouwy (For: Government of Georgia)
- Representative
- White & Case LLP (For: Government of Georgia)
[G] Renewables LLC
- Representative
- Luca De Maria (For: [G] Renewables LLC)
- Representative
- SELARL Pellerin - De Maria - Guerre (For: [G] Renewables LLC)
- Representative
- Valentin Autret (For: [G] Renewables LLC)
- Representative
- Pierre-Baptiste Chipault (For: [G] Renewables LLC)
- Representative
- Skadden, Arps, Meagher & Flom LLP (For: [G] Renewables LLC)
Paris Court of Appeal, Division 5 - Chamber 16
- Judge
- Jacques Le Vaillant
Other
- Institutional administrator
- Prosecutor General - Financial and Commercial Division
- Institutional administrator
- Najma El Farissi