Matter
GULF LEADERS FOR MANAGEMENT AND SERVICES HOLDING COMPANY v CREDIT FONCIER DE FRANCE (Paris Court of Appeal RG 12/17681, 4 March 2014)
- 31 July 2012Arbitration
31 July 2012Arbitration
ICC Arbitral Award dated 31 July 2012
International Chamber of Commerce
- Decision summary
- The tribunal declared the claim for nullity of the 10 July 2008 loan contract admissible but unfounded; ordered GULF LEADERS to repay Credit Foncier de France USD 110 million in principal, with interest, penalties and costs; declared Credit Foncier de France's claim for damages for abusive resistance inadmissible; rejected GULF LEADERS' counterclaims; ordered GULF LEADERS to pay the costs; and ordered provisional enforcement.
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, Pôle 1 - Chamber 1, in case RG 12/17681 dated 4 March 2014
Paris Court of Appeal, Pôle 1 - Chamber 1
- Citation
- Paris Court of Appeal, Pôle 1 - Chamber 1, RG 12/17681, 4 March 2014
- Decision summary
- The Paris Court of Appeal rejected Gulf Leaders' application to set aside the 31 July 2012 ICC arbitral award. It held that the alleged corruption and violation of international public policy were not established, and ordered Gulf Leaders to pay Credit Foncier de France EUR 100,000 under Article 700 of the French Code of Civil Procedure, together with the costs.
Supporting details
3 authorities · 13 participants- Application
- Gulf Leaders' application to set aside the 31 July 2012 arbitral award — Rejected
Société GULF LEADERS FOR MANAGEMENT AND SERVICES HOLDING COMPANY
- Representative
- [D] [Y] (For: Société GULF LEADERS FOR MANAGEMENT AND SERVICES HOLDING COMPANY)
- Representative
- Me Jean-Claude CHEVILLER (For: Société GULF LEADERS FOR MANAGEMENT AND SERVICES HOLDING COMPANY)
- Representative
- Me Anne-Marie LACOSTE (For: Société GULF LEADERS FOR MANAGEMENT AND SERVICES HOLDING COMPANY)
- Representative
- Me Philippe PINSOLLE (For: Société GULF LEADERS FOR MANAGEMENT AND SERVICES HOLDING COMPANY)
S.A. CRÉDIT FONCIER DE FRANCE
- Representative
- Me Luca DE MARIA (For: S.A. CRÉDIT FONCIER DE FRANCE)
- Representative
- SELARL PELLERIN - DE MARIA - GUERRE (For: S.A. CRÉDIT FONCIER DE FRANCE)
- Representative
- Me Carole MALINVAUD (For: S.A. CRÉDIT FONCIER DE FRANCE)
Paris Court of Appeal, Pôle 1 - Chamber 1
- Judge
- Monsieur ACQUAVIVA
- Judge
- Madame GUIHAL
- Judge
- Madame DALLERY
Other
- Institutional administrator
- Madame PATE