In re the Arbitration between Excelsior 57th Corp. & Kern
Opinion of the Court
—Order and judgment (one paper), Supreme Court, New York County (Karla Moskowitz, J.), entered January 8, 2001, vacating so much of an arbitration award as awarded pre-award interest, unanimously affirmed, without costs.
The arbitrators exceeded their authority in awarding preaward interest on the back rent they found due, since the parties’ narrow arbitration clause provided for arbitration of only specifically mentioned issues of fact, the mentioned issue underlying the instant arbitration being the value of the land for the purpose of fixing the rent, and the parties did not otherwise agree to submit the issue of interest to the arbitrators (see, Matter of Trump [Refco Props.], 194 AD2d 70, 74, lv
Case-law data current through December 31, 2025. Source: CourtListener bulk data.