
LUXEMBOURG 11 February 2021 Republic X v Moldavian Company
Cour de Cassation, 11 February 2021, no. 25/2021
(Republic X v. Moldavian Company A Group et al.)
LUXEMBOURG 11 February 2021 Republic X v Moldavian Company
The Supreme Court denied the appeal filed against the decision of the Luxembourg Court of Appeal, which had granted exequatur of an SCC award. In respect of the New York Convention, the Supreme Court considered that the lower court had correctly applied the public policy reservation of Art. V(2)(b). In the context of exequatur proceedings, the review of the court is limited to the international concept of public policy. The party opposing enforcement argued that the Court of Appeal had incorrectly gone beyond that concept by applying the "manifest and determining fraud" (fraude manifeste et déterminante) standard. The Supreme Court found that, in fact, the lower court had concluded that no fraud at all had been proved.
Public policy: The court discusses the meaning of (international as compared to domestic) public policy, generally defined as the basic notions of morality and justice of the enforcement State.
Public policy: The court discusses the effect of other alleged violations of public policy on the recognition and enforcement of an arbitral award, such as contradictory reasons, manifest disregard of the law (US), etc.