UPC_APP_35055/2024

Court of Appeal (Panel 2) procedural order rejecting ICPillar LLC's application for suspensive effect of a Paris Local Division order requiring ICPillar to provide security for costs of EUR 600,000 (R. 158 RoP), and also rejecting ICPillar's subordinate request for expedition of the appeal. The Court held that suspensive effect under Art. 74(1) UPCA is in principle available for R. 220.2 RoP orders (notwithstanding R. 223.5 RoP), but that only exceptional circumstances justify granting it. No exceptional circumstances existed here – the risk of a default judgment if ICPillar fails to comply is an inherent feature of non-compliance, and is not sufficient to grant suspensive effect.