Legal Opinion
Reefer Express Lines Pty., Ltd. v. General Authority for Supply Commodities
District Court, S.D. New York
Decided June 19, 1989No. 88 Civ. 7833 (RWS)Published
1Opinion of the Court
MEMORANDUM OPINION
SWEET, District Judge.
The General Authority for Supply Commodities (“GASC”), a department in the Ministry of Supply of the government of Egypt, opposes pre-judgment interest on an arbitrator’s award rendered against it and in favor of Reefer Express Lines (“Reefer”).
Pre-judgment interest on an arbitration award is at the discretion of the district court, but is usually permitted, and should be granted “in the absence of exceptional circumstances.” See Larsen v. A. C. Carpenter, Inc., 620 F.Supp. 1084, 1125 (E.D.N.Y.1985), aff'd, 800 F.2d 1128 (2d Cir.1986); Mitsui & Co. v.…
2Cases cited4 opinions
- Mitsui & Co. v. American Export Lines, Inc.Court of Appeals for the Second Circuit · 1981
- Larsen v. A.C. Carpenter, Inc.District Court, E.D. New York · 1985
- United States v. Peavey Barge LineCourt of Appeals for the Seventh Circuit · 1984
- Dow Chemical Pacific Ltd. v. Rascator Maritime S.A.District Court, S.D. New York · 1986