Stay lifted because parties' conduct regarding arbitration costs amounted to abandonment of arbitration agreement (Northern Ireland High Court) | Practical Law

Stay lifted because parties' conduct regarding arbitration costs amounted to abandonment of arbitration agreement (Northern Ireland High Court) | Practical Law

In Trunk Flooring Ltd v HSBC Asset Finance (UK) Ltd and another [2015] NIQB 23, the Northern Ireland High Court considered whether a stay for arbitration should be removed, when both parties regarded the arbitration fees as exorbitant, and did not intend to proceed with the arbitration.

Stay lifted because parties' conduct regarding arbitration costs amounted to abandonment of arbitration agreement (Northern Ireland High Court)

by Michael James, barrister and author
Published on 15 Apr 2015 • Northern Ireland
In Trunk Flooring Ltd v HSBC Asset Finance (UK) Ltd and another [2015] NIQB 23, the Northern Ireland High Court considered whether a stay for arbitration should be removed, when both parties regarded the arbitration fees as exorbitant, and did not intend to proceed with the arbitration.