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Arbitration – Award. The claimant and first defendant's lease fell due for rent review, which was conducted by arbitration. In his award, the arbitrator said he had not attributed any weight to a market comparable that post-dated the rent review date 'having regard to the established case law'. The claimant invited the arbitrator to agree a remission of the award, which the arbitrator refused. He stated that he stood by his award. In dismissing the claimant's application under the Arbitration Act 1996, the Chancery Division held that there had not been serious irregularities or errors of law under ss 68 or 69 of the Act.
Arbitration – Award. The claimant and first defendant's lease fell due for rent review, which was conducted by arbitration. In his award, the arbitrator said he had not attributed any weight to a market comparable that post-dated the rent review date 'having regard to the established case law'. The claimant invited the arbitrator to agree a remission of the award, which the arbitrator refused. He stated that he stood by his award. In dismissing the claimant's application under the Arbitration Act 1996, the Chancery Division held that there had not been serious irregularities or errors of law under ss 68 or 69 of the Act.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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