Carrs Fork Corp. v. Kodak Mining Co.

WINTERSHEIMER, Justice.

This appeal is from a decision of the Court of Appeals reversing a judgment of the circuit court which adopted an arbitration award of May 13,1987 which terminated a coal lease known as “Defeated Creek lease.”

In 1956, Kodak and Carrs Fork entered into two coal mining leases, both of which contained a typical arbitration clause. In 1982, Carrs Fork sued Kodak claiming a right to relief based on the alleged inaction of Kodak in violation of its obligations under the leases. Kodak demanded that the issue be submitted to arbitration according to the contract. On…