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Privy Council allows appeal against award of compound interest (National Housing Trust v YP Seaton & Associates)

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Published on: 19 October 2015

Published by a LexisNexis Arbitration expert

Table of contents

Practical implications
What was the background to the appeal?
What did the Privy Council decide?
The opposite hypothesis
Lord Toulson's dissent
Court details

Article summary

Arbitration analysis: In a judgment dated 19 October 2015, the Judicial Committee of the Privy Council (the Privy Council) allowed an appeal from the Court of Appeal of Jamaica (by majority—Lord Toulson dissenting) and advised that an arbitrator’s supplementary award of compound interest be set aside and the matter be remitted to the original arbitrator for reconsideration in light of the Privy Council’s decision. The decision is of interest to practitioners, principally, for the Privy Council’s consideration of whether or not the arbitrator had jurisdiction, in the circumstances of this case, to make an award of compound interest.

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