Cour de cassation, 13 December 2017, Equatorial Guinea v. Commercial Bank Guinea Ecuatorial, no. 16-12943
Equatorial Guinea was ordered by an arbitral tribunal to pay various sums to a bank. In 2012 the parties signed a settlement agreement over the dispute. The bank nevertheless tried to attach an aircraft owned by Guinea and held by a third party using the award. The bank had no standing to execute a title [...]