MATTER OF ASIATIC PETROLEUM CORP.


65 A.D.2d 708 (1978)

In the Matter of the Arbitration between Asiatic Petroleum Corporation, Respondent, and New England Petroleum Corporation et al., Appellants In the Matter of the Arbitration between New England Petroleum Corporation et al., Respondents-Appellants, and Asiatic Petroleum Corporation, Appellant-Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

November 14, 1978


We find that the arbitrators were not guilty of misconduct (as asserted by New England and Grand Bahama) in refusing to enforce the subpoenas duces tecum issued by counsel for New England and Grand Bahama in an effort to demonstrate that they were "overcharged" on oil which Asiatic sold to them between 1973 and 1975. Such overcharges were allegedly, at least in part, the result of improper price adjustments made by Asiatic when it computed higher Venezuelan taxes and royalties...

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