Legal Opinion
In re the Arbitration between Banas & Leumi Securities Corp.
Appellate Division of the Supreme Court of the State of New York
Decided June 10, 1993PublishedCited by 4 opinions
1Opinion of the Court
—Judgment, Supreme Court, New York County (Edward Greenfield, J.), entered on or about October 14, 1992, which denied and dismissed the petition to vacate an arbitration award, directing petitioner to pay respondent $95,510.00, and confirmed that award unanimously affirmed, with costs.
It is within the sound discretion of the arbitrators to grant or refuse an adjournment (Matter of Kool Air Sys. [Syosset Institutional Bldrs.], 22 AD2d 672), and the party seeking to avoid the award has the burden of establishing by clear and convincing proof that the arbitrators abused that discretion and that…
2Cases cited3 opinions
- In re the Arbitration between Kool Air Systems, Inc. & Syosset Institutional Builders, Inc.Appellate Division of the Supreme Court of the State of New York · 1964
- In re the Arbitration between Herskovitz & L.B. Kaye Associates, Ltd.Appellate Division of the Supreme Court of the State of New York · 1991
- Doris Trading Corp. v. Melody Knitting Mills, Inc.Appellate Division of the Supreme Court of the State of New York · 1991
3Cited by4 opinions
- M.T.M. Beverages Corp. v. Pepsi Cola Bottling Co.Appellate Division of the Supreme Court of the State of New York · 1999
- In re the Arbitration between Sanders Construction Corp. & BeckerAppellate Division of the Supreme Court of the State of New York · 2002
- Kapchan v. Fahnestock & Co.Appellate Division of the Supreme Court of the State of New York · 2003
- Yaffe v. Mintz & Fraade, P. C.Appellate Division of the Supreme Court of the State of New York · 2001