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Acquittal for Former French PM in Corruption Trial
Félix de Belloy won an acquittal for Edouard Balladur
before the Court of Justice of the Republic in the former French
prime minister s trial over allegations that he financed his
1995 presidential campaign with illegal kickbacks from
international arms deals. On March 4, a 15-judge panel exonerated
the 91-year-old politician after 20 years of public accusations.
The Court found that Balladur was never involved in a fraudulent
system of kickbacks; that financing for his presidential campaign
in 1995 was lawful; and that he was not responsible, even
indirectly, for a bombing in Karachi, Pakistan in 2002 that had
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Perhaps Snoop Dogg should stick to gin n’ juice, as the rapper’s foray into promoting cognac and brandy products caused him to become the subject of a decade-long arbitral dispute, which was finally resolved last month.
On January 25, 2021, a New York district court judge affirmed a nearly $2 million arbitration award against French cognac distiller Cognac Ferrand SAS (Ferrand) resulting from a dispute over $35,000 in royalties allegedly owed to rapper Snoop Dogg. The dispute arose out of Ferrand’s early termination of a five-year contract with U.S. liquor importer Mystique Brands (Mystique), pursuant to which Ferrand granted Mystique the exclusive right to import and market Ferrand’s “Landy” line of cognac and brandy. As part of the contract, Mystique agreed to enter into a marketing agreement with Snoop Dogg to endorse and promote Landy products.
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CASE LAW DEVELOPMENTS
A Pharmaceutical Conflict over an ICC Award Is Building
Momentum
The Taiwanese company PharmaEssentia is trying to challenge an
ICC award issued in a dispute with its Austrian counterparty. The
dispute arose over a license agreement for the development and
commercialization of a leukemia drug.
In October 2020, the ICC tribunal ruled in favor of the Austrian
company AOP Orphan Pharmaceuticals, awarding it EUR 2 billion. The
dispute resulted from PharmaEssentia s attempt to terminate a
license agreement, under which it undertook to provide to AOP