000			01275cab a2200193 4500
001			##L131945
008			051219n2005 000 0 eng u
035			_a(Sirsi) u131945
041	0		_aeng
245	0	0	_aInterest _binterest on the sum awarded
260			_c2005
490		0	_aArbitration Law Monthly _v6(1) December 2005/January 2006, 5-7(3)
520			_aDiscusses the question of whether a successful party to an arbitration, who failed to claim interest on the sum awarded, could later apply to the arbitrator for an additional sum by way of interest. In "Pirtek (UK) Ltd v Deanswood Ltd" ([2005] EWHC 2301 (Comm), [2005] 2 Lloyd's Rep 729), it was held that the slip rule contained in the Arbitration Act 1996 s57 did not permit such an application, and that, in any event, in this case the applicant was out of time. A claim for interest must be made before the arbitrator makes his final award; in the absence of such claim, neither the arbitrator nor the court can revisit the matter.
590			_aIKA030106
650	2	4	_aPIRTEK (UK) LTD V DEANSWOOD LTD
650	2	4	_aARBITRATION ACT 1996
690			_aMANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ARBITRATION-ARBITRATORS-ARBITRATORS' JURISDICTION
942			_n0
999			_c76299 _d76299