Production Wireline Services, Inc. v. Trans-Tech International Wireline Services, Inc.

I agree with the majority opinion in all aspects except its amendment of the interest rate the arbitrators awarded and its denial of Production Wireline’s request for the award of damages against Trans-Tech for having taken a frivolous appeal.

The object of arbitration is the speedy disposition of differences through informal procedures without resort to court action. St. Tammany Manor, Inc. v. Spartan Bldg. Corp., 509 So.2d 424 (La.1987). As stated in State, Through Division of Administration v. Algernon Blair, 445 So.2d 133, 136 (La.App. 3 Cir.1984), postjudgment interest is awarded in…