Matter
S.A.S. IMAGINE v S.A.R.L. GROUPE [D] [G] and Mr [D] [G] (Paris Court of Appeal RG 22/08800)
- 12 October 2021Arbitration
12 October 2021Arbitration
Final Arbitral Award dated 12 October 2021
- Decision summary
- The award reduced the purchase price for the shares in Imagine R Water Développement from €15 million to €8.82 million, determined the amounts due on 19 May 2022 and 19 May 2023, limited recourse to the first-demand autonomous guarantee, and ordered Groupe [D] [G] to notify Crédit Industriel et Commercial of that limitation.
Supporting details
3 participantsS.A.S. IMAGINE
S.A.R.L. GROUPE [D] [G]
Monsieur [D] [G]
1 year and 7 days later · 372 days
- 19 October 2022France
19 October 2022France
Order of the Paris Court of Appeal in the case RG 22/08800 dated 19 October 2022
Paris Court of Appeal, Division 1 - Chamber 5
- Decision summary
- The Paris Court of Appeal rejected Groupe [D] [G] and Mr [D] [G]'s application to stay provisional enforcement of the 12 October 2021 arbitral award. It also rejected Imagine's claims for damages for abusive proceedings and removal of a passage from the opposing submissions, and ordered the applicants jointly and severally to pay costs and €2,000 under article 700 of the French Code of Civil Procedure.
Supporting details
2 authorities · 12 participantsS.A.R.L. GROUPE [D] [G]
- Representative
- Stéphane BAZIN (For: S.A.R.L. GROUPE [D] [G] · Monsieur [D] [G])
- Representative
- Massimo BIANCHI (For: S.A.R.L. GROUPE [D] [G] · Monsieur [D] [G])
Monsieur [D] [G]
- Representative
- Stéphane BAZIN (For: S.A.R.L. GROUPE [D] [G] · Monsieur [D] [G])
- Representative
- Massimo BIANCHI (For: S.A.R.L. GROUPE [D] [G] · Monsieur [D] [G])
S.A.S. IMAGINE
- Representative
- Patricia HARDOUIN (For: S.A.S. IMAGINE)
- Representative
- SELARL 2H Avocats à la cour (For: S.A.S. IMAGINE)
- Representative
- Michaël PIQUET-FRAYSSE (For: S.A.S. IMAGINE)
- Representative
- Laurent LEVY (For: S.A.S. IMAGINE)
- Representative
- SELAS LEXINGTON AVOCATS (For: S.A.S. IMAGINE)
Paris Court of Appeal, Division 1 - Chamber 5
- Judge
- Rachel LE COTTY
Other
- Institutional administrator
- Cécilie MARTEL