Arbitration award confirmation decisions
By natalie • Nov 24th, 2008 • Category: Arbitration, Arbitration Cases, Arbitration NewsJorden Burt LLP
USA
November 17 2008
Courts continue to confirm arbitration awards at a very high rate:
- In this reinsurance matter, the court determined that whether to award post-judgment interest on an award, and at what rate, was for the court, not an arbitration panel, to decide, even if the issue was addressed in the reinsurance agreement., The court determined to award post-judgment interest at the statutory rate, since the contract did not clearly displace that rate, and to award attorneys’ fees as provided for in the agreement. Newmont U.S.A. Limited v. Ins. Co. of N. A., Case No. 06-1178 (USDC D. Col. Sept. 19, 2008).
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