Summary
Seven practitioners are on trial in France for their alleged roles in a failed scheme to extort more than US$22 billion from Total.
Facts
- The case concerns alleged involvement in a sham arbitration scheme targeting Total, a French oil company.
- The defendants are practitioners accused of participating in or orchestrating the scheme.
- The authorities allege the plan aimed to extract more than US$22 billion from Total.
- The legal proceedings are taking place in France.
Quotations
The article reports that seven practitioners are standing trial over their roles in the alleged extortion scheme.
Context
- The trial centers on allegations of a fraudulent arbitration arrangement intended to coerce a large payout from Total.
- The proceedings reflect France's handling of complex international arbitration and related fraud claims.
Implications
- If convicted, the defendants could face serious legal consequences under French law.
- The case highlights enforcement challenges in cross-border arbitration-related schemes.
Author’s Note
Seven lawyers face trial in France for alleged involvement in a failed arbitration extortion scheme against Total, with alleged damages exceeding US$22 billion.
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