According to the Court of Appeal, the arbitration award did not formally sentence Thouny Varieras et associés company, because at the time of the award, the debt was not yet payable:
“Mr. X’s claim to be immediately paid is rejected but the tribunal confirms that the amount of € 190,000 will have to be paid by Thouny Varieras et associés company on the 31st December 2015 at the latest…” (partial translation)