Enforcement Of Foreign Arbitral Awards In Bermuda

Chief Justice underlines the jurisdiction's pro-enforcement stance in notable recent judgment

What has happened?

In a judgment handed down on 3 September 2019 in the case of Cat.SA v Priosma Limited^¹, the Bermuda Supreme Court:

• refused an application by the Bermuda based Priosma Limited (Priosma or Award Debtor) to set aside an ex parte order granting Cat.SA (CAT or Award Creditor) leave to enforce a foreign arbitral award rendered in an arbitration seated in Paris (Set Aside Application);
• granted Priosma's application for a stay of enforcement in Bermuda pending the outcome of an appeal by Priosma against the award to France's highest appellate court (Stay Order); but