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Paris judicial court dismisses E-Doley Finance claims against BGFIBank, orders fintech to pay damages
via Gabon Review3 min read
The Paris Judicial Court, in a judgment delivered on June 25, 2026, rejected all claims made by E-Doley Finance against BGFI Holding Corporation and BGFIBank Gabon. The court also condemned the Gabonese company for abusive litigation. BGFIBank group announced this decision in a press release on July 6. The Parisian court addressed the intellectual property aspect of the dispute, where E-Doley Finance and its manager, Ernest Akendengue Tewelyo, accused the banking group of unauthorized use of its mobile payment and money transfer technology. The court did not uphold these accusations. The court dismissed E-Doley Finance's requests concerning its expert appraisal demand, software counterfeiting, and parasitic practices. The judgment further deemed E-Doley Finance's action as abusive, ordering the company to pay 8,000 euros each to BGFI Holding Corporation and BGFIBank Gabon in damages for the prejudice caused by the abusive legal action. Additionally, E-Doley Finance must cover procedural costs amounting to 25,000 euros for each of the two companies, along with other legal expenses. In total, E-Doley Finance is ordered to pay 66,000 euros. This decision, subject to appeal, concludes a procedure initiated in Paris in 2018. While the Paris Court of Appeal had previously referred the software counterfeiting claim to the Paris Judicial Court, it ruled that the alleged breach of commercial relations fell under Gabonese jurisdiction. The dispute's commercial aspect, regarding an alle
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