DECISION BY THE SUPREME COURT OF FRANCE (the French Cour de cassation)

On 17 November 2021, the French Cour de cassation rendered its decision in the context of the criminal proceedings initiated against Landsbanki Luxembourg S.A. and others before the French courts.

The prosecutor general and several borrowers had indeed challenged the Paris Court of Appeal decision of 31 January 2020, which acquitted all accused parties and dismissed the borrowers' claims for damages. 

In its decision of 17 November 2021, the Cour de cassation considered these challenges to be inadmissible, thereby upholding the 31 January 2020 decision.

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