GR Sutherland and Associates (Pty) Ltd v V & A Waterfront Holdings (Pty) Ltd and Others (7471/2021)
GR Sutherland and Associates (Pty) Ltd v V & A Waterfront Holdings (Pty) Ltd and Others (7471/2021) [2023] ZAWCHC 67 (11 April 2023)
The applicant failed to demonstrate good cause for setting aside the arbitration agreement under section 3(2) of the Arbitration Act. The court found that arbitration agreements are generally entered into for the mutual benefit of the parties and should not be set aside without a truly compelling reason. The existence of parallel proceedings and potential for multiple actions did not justify depriving the respondent of the benefit of arbitration, as other parties remain bound by separate arbitration agreements and the risk of fragmented litigation persists. The contractual limitation and inde…
Source excerpt
- Arbitration Agreement
- Setting Aside Arbitration
- Good Cause Requirement
- Contractual Liability Limitation
- Pure Economic Loss