00{420
54.The Court further notes that in the judgment on the merits, it held that the judicial
proceedings instituted by the Respondent State were unfair and violated the
Applicant's right to the presumption of innocence and his right to defence guaranteed
under Article 7(1) (b) and (c) of the Charter. The Court consequently finds in
conclusion that the failure of the investment plan in the petroleum sector is linked to
the drug trafficking case and to the legal proceedings initiated by the Respondent
State against the Applicant which the Court held to be unfair.
55.Therefore, the question before the Court is whether or not, in the circumstances, the
Applicant is entitled to pecuniary reparation by way of compensation for the loss of
business opportunity, given that the sale of petroleum products under the aforesaid
projects, had not taken off1o.
56.The Court is persuaded by the definition given by the Cour de Cassaflon in France,
that the loss of opportunity "implies the deprivation of a potential with a reasonable
probability and not
a certainty. lt is necessary for the damage suffered to
have
removed the probability that a positive event will occur or that a negative event will
occut''.11 The Supreme Court of Portugallz, follows the same line of reasoning as the
judgments of the supreme courts of ltaly, Germany, Austria, The Netherlands and the
United Kingdom, has adopted the same definition in severaljudgments.
57.Moreover, in the case
of
Soci1te Benin ControlSA v. Stafe
of Benin, the OHADAI3
Arbitral Tribunal, taking into account the fact that the unilateral suspension of the
contract by the State of Benin resulted in a loss of profit for the company, concluded
that the said loss of profit must be remedied.la
France,gg77and80
'0ECHR,ApplicationNo.25444194.Judgmentot25t3l1999,PltissierandSassly.
Civil Chamber of the Court of Cassation in France, Judgment ot 7t412016. Appeals No. t S-1a.Agg anO
11
No.'15-1 1.342.
12 Supreme
Court of Portugal, Judgment 91712015, Appeal No. 51OSI12.2TBXL.L1. S1 with references to
several countries' jurisprudence.
13 Organization
for the Harmonization of Business Law in Africa
11 Arbitral
Award of 13 May 2Q14.
t7
@-