Privy Council confirms that an arbitrator's power to award interest is a function of the law of the seat | Practical Law

Privy Council confirms that an arbitrator's power to award interest is a function of the law of the seat | Practical Law

In National Housing Trust v YP Seaton & Associates Co Ltd ([2015] UKPC 43, the Judicial Committee of the Privy Council considered whether an arbitrator’s award of compound interest should be set aside and remitted to the arbitrator.

Privy Council confirms that an arbitrator's power to award interest is a function of the law of the seat

Practical Law UK Legal Update Case Report 5-620-3225 (Approx. 5 pages)

Privy Council confirms that an arbitrator's power to award interest is a function of the law of the seat

by Chris Parker (Partner) and Jennifer Hartzler (Associate), Herbert Smith Freehills
Published on 18 Nov 2015 • Jamaica
In National Housing Trust v YP Seaton & Associates Co Ltd ([2015] UKPC 43, the Judicial Committee of the Privy Council considered whether an arbitrator’s award of compound interest should be set aside and remitted to the arbitrator.