000			01942cad a22002295a 4500
001			L146404
008			090116e20081128xxk f v 000 0 eng d
035			_a(Sirsi) u146404
041	0		_aeng
245	0	0	_aMetropolitan Property Realizations Ltd v Atmore Investments Ltd _h[electronic resource]
260			_c2008
520			_a[2008] EWCH 2925 (Ch), 28 November 2008. A rent review award may not be final if the arbitrator does not consider a substantial issue when valuing the property. An applicant tenant of shops with residential flats above them applied to the court for an order to set aside an arbitrator's rent review award in proceedings against the respondent landlord. It argued that the valuation method used by the arbitrator, as submitted by the tenant and accepted by the landlord's surveyor, had not taken into account any profit margin on the on the amounts recoverable from subtenants. Held: application granted. The High Court agreed that there had been a serious irregularity had occurred because the arbitrator failed to consider a basic issue. World Trade Corp Ltd v C Czarnikow Sugar Ltd applied. The arbitrator's decision had resulted in a substantial injustice. Accordingly, the Court ordered that the review be resubmitted to the arbitrator who must reduce the rent award to allow for an appropriate profit margin for the tenant.
590			_aKA NTK
650	2	4	_aARBITRATION ACT 1996 S 68(2)(D)
650	2	4	_aMETROPOLITAN PROPERTY REALIZATIONS LTD V ATMORE INVESTMENTS LTD
650	2	4	_aWORLD TRADE CORP LTD V C CZARNIKOW SUGAR LTD
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-LANDLORD AND TENANT-TENANCIES-TENANCY RENT REVIEW
690			_aMANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ARBITRATION
856	4	0	_uhttps://www.bailii.org/ew/cases/EWHC/Ch/2008/2925.html _zView the item free of charge online at www.bailii.org...
942			_n0
999			_c81137 _d81137