Paris Court of Appeal, 12 January 2021, Ref. 3-Ch. 5, No. 17/07290
The time when legal professionals wondered whether arbitrator’s were entitled to order daily rate of damages, i.e. “astreinte” in French, has passed. In its decision dated 12 January 2021, the Paris Court of Appeal has not only confirmed arbitrator’s power to order such measure but also the power to fix the daily rate above the amount claimed by the requesting party.