29 Jul 1996
ATTORNEY GENERAL v. SHIMIZU CORPORATION
- Citation
- ATTORNEY GENERAL v. SHIMIZU CORPORATION
- Court
- Court of First Instance
- Case number
- HCMP1519/1996
The appeal is dismissed. The High Court held that s.22A of the Arbitration Ordinance, by using the unqualified term "interest" and by preserving other powers to award interest, empowers arbitrators to award compound interest where, in the exercise of their discretion and having regard to the circumstances and principles of compensation, such an award is appropriate; the arbitrator's awards of compound interest were within jurisdiction and were properly exercised.