The arbitrators exceeded their authority in awarding pre-award interest on the back rent they found due, since the parties' narrow arbitration clause provided for arbitration of only specifically mentioned issues of fact, the mentioned issue underlying the instant arbitration being the value of the land for the purpose of fixing the rent, and the parties did not otherwise agree to submit the issue of interest to the arbitrators (see, Matter of Trump [Refco Props.],
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MATTER OF EXCELSIOR 57TH CORP.
283 A.D.2d 209 (2001)
724 N.Y.S.2d 302
In the Matter of the Arbitration between EXCELSIOR 57TH CORP., Respondent, and RALPH W. KERN et al., Appellants.
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
Decided May 8, 2001.
Decided May 8, 2001.
Appellate Division of the Supreme Court of the State of New York, First Department.
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