000			01347cab a2200181 4500
001			ABS38127
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u8842
041			_aeng
245			_aTriumph Securities Ltd v Reid Furniture Co Ltd
260			_c1987
350			_a0
490			_aEstates Gazette _v283(6350) 5 September 1987, 1071(1)
520			_aChD 7 November 1986. Application by Triumph Securities for leave to appeal against an arbitration award arising out of a rent review clause in a lease. Award was disputed on the ground that the arbitrator had erroneously laid down as a rule of law that a 14% deduction, representing the relationship of frontage to depth of ground-floor premises, should always be made. The judge drew attention to the correct approach in deciding whether to grant leave to appeal. The present case centred around the issue of what the arbitrator meant by certain observations in his decision. It was held that the arbitrator had not erred in law, and had stated that "should zoning apply, a discount should be made to reflect the relationship of frontage to depth". Thus, the adoption of a 14% deduction was the finding for this specific case and not intended as a statement of general rule. Leave to appeal refused.
690			_aARBITRATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c5477 _d5477