MEDICI – NEWS: Arbitrator’s power to order daily rate of damages and depart from parties’ claims
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…