Cour de Cassation, Civ. 1, 13 September 2017, Orion Satellite Communications v. Federal State Unitary Enterprise Russian Satellite Communications Company, no. 16-16468

Orion sought enforcement of a foreign arbitration award in France. The principal amount was subject to annual interest based on Libor [The London Interbank Offered Rate]. The enforcement was contested by the other party. The Cour de Cassation ruled that: - In the framework of enforcement, the judge may not substitute one interest rate with [...]