Legal Opinion
Sea Tech, Ltd. v. Virgin Islands Yacht Harbor, Inc.
Supreme Court of The Virgin Islands
Decided June 6, 1989No. Civil No. 1049/1983PublishedCited by 1 opinion
1Opinion of the CourtMeyers, J.
MEMORANDUM OPINION
This Court is called upon to decide when interest, if any, begins to accrue on an arbitral award for which judgment was entered in favor of plaintiffs. Also before the Court is the motion of the intervenor for withdrawal of funds deposited with the Clerk of the Court by the defendant. This Court holds that interest begins to *207accrue from the date the arbitral award is confirmed. Intervenor’s request for withdrawal of funds will be denied.
A. Prejudgment Interest
On October 17, 1983, a panel consisting of three arbitrators awarded plaintiffs the sum of $74,778.88. By order dated…
2Cases cited7 opinions
- Board of Education v. Niagara-Wheatfield Teachers Ass'nNew York Court of Appeals · 1979
- Ukrainian Nat. Urban Renewal Corp. v. Joseph L. Muscarelle, Inc.New Jersey Superior Court Appellate Division · 1977
- In re the Arbitration between East India Trading Co. & HalariAppellate Division of the Supreme Court of the State of New York · 1952
- In re the Accounting of Lawyers Trust Co.New York Surrogate's Court · 1943
- Trocki v. MendozaSupreme Court of The Virgin Islands · 1978
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3Cited by1 opinion
- Solar Leasing, Inc. v. William L. HutchinsonDistrict Court, Virgin Islands · 2024