Matter
Instrubel NV v Republic of Iraq (Paris Court of Appeal RG 19/03661)
Instrubel NV v Republic of Iraq court proceedings concerning enforcement and compensation and award, with related public records.
Procedural record
- 6 February 1996Arbitration
6 February 1996Arbitration
Partial Arbitral Award dated 6 February 1996
- Decision summary
- The award ordered the Iraqi Ministry of Defence to pay Instrubel N.V. specified amounts in Dutch guilders and the Iraqi Ministry of Industry, Research and Development to pay a specified amount in Belgian francs, with interest at 8% from February 1990 and February 1991 respectively.
Participants
Instrubel N.V.
Ministry of Defence of the State of Iraq
Ministry of Industry, Research and Development of the State of Iraq
- 6 February 1996Arbitration
6 February 1996Arbitration
Partial arbitral award of 6 February 1996
- Decision summary
- The partial award ordered Iraqi government ministries to pay Instrubel specified principal sums and interest.
Participants
Instrubel NV
Republic of Iraq
7 years, 1 month and 16 days later · 2601 days
- 22 March 2003Arbitration
22 March 2003Arbitration
Final Arbitral Award dated 22 March 2003
- Decision summary
- The award ordered the Iraqi Ministry of Industry, Research and Development to pay Instrubel N.V. EUR 7,089,752.12 with interest at 7% from 6 August 1990, and addressed additional sums payable by that ministry and Establishment [H] [N].
Participants
Instrubel N.V.
Ministry of Industry, Research and Development of the State of Iraq
Establishment [H] [N]
- 22 March 2003Arbitration
22 March 2003Arbitration
Final arbitral award of 22 March 2003
- Decision summary
- The final award ordered an Iraqi government ministry and, for specified sums, another Iraqi establishment to pay Instrubel principal and interest.
Participants
Instrubel NV
Republic of Iraq
15 years, 4 months and 2 days later · 5603 days
- 24 July 2018France
24 July 2018France
Judgment of the Enforcement Judge of the Bobigny Judicial Court in case RG 18/01917 dated 24 July 2018
Enforcement Judge of the Bobigny Judicial Court
- Decision summary
- The judge admitted BNP Paribas Securities Services' voluntary intervention, found the four conservatory seizures made by Instrubel on 20 January 2014 lapsed because they were not served on Montana Management, ordered their release, and awarded costs and procedural compensation against Instrubel.
Participants
Instrubel NV
Montana Management Inc.
BNP Paribas Securities Services
Enforcement Judge of the Bobigny Judicial Court
1 year and 3 months later · 457 days
- 24 October 2019France
24 October 2019France
Judgment of the Paris Court of Appeal in case RG 19/03661 dated 24 October 2019
Paris Court of Appeal
- Decision summary
- The court rejected Instrubel's objection to Montana Management's standing, held that the conservatory seizures had lapsed because Montana was designated as a seized debtor but was not served with the seizure notices, confirmed the 24 July 2018 judgment, and ordered Instrubel to pay Montana 10,000 euros under article 700 and the costs.
Participants
Instrubel NV
- Representative
- Aude Gonthier (For: Instrubel NV)
- Representative
- Reynaud Associes (For: Instrubel NV)
- Representative
- Bonifassi (For: Instrubel NV)
- Representative
- Ivanova (For: Instrubel NV)
Montana Management Inc.
- Representative
- Martin Tomasi (For: Montana Management Inc.)
BNP Paribas Securities Services
- Representative
- Julien Martinet (For: BNP Paribas Securities Services)
- Representative
- Hogan Lovells (Paris) LLP (For: BNP Paribas Securities Services)
Paris Court of Appeal
- Judge
- Emmanuelle Lebée
- Judge
- Gilles Malfre
- Judge
- Bertrand Gouarin
Other
- Court Reporter
- Juliette Jarry
5 years, 7 months and 19 days later · 2058 days
- 12 June 2025France
12 June 2025France
Judgment of the Enforcement Judge of the Paris Judicial Court in case RG 23/00295 dated 12 June 2025
Enforcement Judge of the Paris Judicial Court
- Decision summary
- The judge rejected Iraq's challenge to the command to pay serving as an attachment of real property, ordered the forced sale of the seized Cannes properties, fixed Instrubel's claim at 20,961,960.64 euros, and ordered Iraq to pay 8,000 euros under article 700 of the French Code of Civil Procedure.
Participants
Republic of Iraq
Instrubel N.V.
Enforcement Judge of the Paris Judicial Court
10 months and 25 days later · 329 days
- 7 May 2026France
7 May 2026France
Judgment of the Paris Court of Appeal in case RG 25/11353 dated 7 May 2026
Paris Court of Appeal
- Decision summary
- The court recorded Iraq's withdrawal of its appeal against the 12 June 2025 enforcement judgment, found the withdrawal and acquiescence perfect, declared the appeal instance extinguished and the court divested, and ordered Iraq to bear the costs.
Participants
Republic of Iraq
- Representative
- Matthieu Bocco Gibod (For: Republic of Iraq)
- Representative
- Ardavan Amir-Aslani (For: Republic of Iraq)
- Representative
- LX Paris-Versailles-Reims (For: Republic of Iraq)
Instrubel N.V.
- Representative
- Laetitia Lamy (For: Instrubel N.V.)
Paris Court of Appeal
- Judge
- Dominique Gilles
- Judge
- Violette Baty
- Judge
- Cyril Cardini
Other
- Court Reporter
- Saveria Maurelia
- Court Reporter
- Grégoire Grospellier
- 7 May 2026France
7 May 2026France
Order of the Paris Court of Appeal in the case RG 25/11353 dated 7 May 2026
Paris Court of Appeal
- Decision summary
- The Court of Appeal recorded the State of Iraq's withdrawal from its appeal against the enforcement judge's order for the forced sale of seized property and declared the appeal proceedings extinguished and the court divested of jurisdiction. The State of Iraq was ordered to bear the costs.
Participants
State of Iraq
- Representative
- Matthieu Boccon-Gibod (For: State of Iraq)
- Representative
- Ardavan Amir-Aslani (For: State of Iraq)
Instrubel N.V.
- Representative
- Laetitia Lamy (For: Instrubel N.V.)
Public Accountant of the Individual Tax Service of [Locality 3]
Paris Court of Appeal
- Judge
- Dominique Gilles
- Judge
- Violette Baty
- Judge
- Cyril Cardini
Other
- Court Reporter
- Saveria Maurel
- Court Reporter
- Grégoire Grospellier