France:
Expanding Involvement Of Courts In Arbitration Makes Sense
24 January 2020
Bonifassi Avocats
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Recently a trend toward state court review of arbitral awards
has emerged, especially when criminal activity is alleged, and no
matter what side of the debate you are on, there's no denying a
change is afoot.
This trend has revealed itself in French case law. In Belokon
vs. Kyrgyzstan, for example, the Paris Court of Appeal early last
year set aside an arbitral tribunal's decision
that had found the Republic of Kyrgyzstan liable for the unlawful
expropriation of the assets of a Latvian investor, Valeri
Belokon.
The French court ruled that Belokon's acquisition and
operation of Manas Bank in Kyrgyzstan in 2007 hid money-laundering
practices and consequently set aside the arbitral award. Read more
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