Taiheiyo Kisen Kaisha, Ltd. v. Goodman

OPINION OF THE COURT

Martin B. Stecher, J.

This is an application by the petitioner for an order directing the respondent, County Clerk of New York County, to accept and file a confession of judgment (CPLR 3218) and accompanying stipulation of settlement. The dispute between the parties arose out of the charter of a vessel. In accordance with the terms of its agreement arbitration was demanded. The parties were both represented by New York counsel, it being the intention of the parties that arbitration take place in New York. The parties, prior to submission of the contro*904versy to the…