Wednesday, October 5, 2022 – 3:10 pm
After an 11-year dispute, the Yana Holding group won the case against the French company FIVE FCB by decision of the Court of Cassation on Monday, October 3rd.
The communiqué issued by the holding group Yana Holding states that the dispute began in 2007 and was accompanied by numerous hesitation until the Court of Cassation decided the case in favor of the holding group.
The statement added that “the long-awaited decision of the legal and judicial family was a clear answer to the following question: can an arbitration clause signed by a subsidiary conflict with an unsigned parent company?”
This dispute lasted more than 11 years of litigation, including 7 years when the case was in the cassation stage.