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Walker and others -v- Rome and others

10th Sep 1999

[1999] 2 All ER (Comm) 961

Christopher Butcher – Arbitration – Award – Interest – Interest as from date of award – Arbitrators dismissing claims brought by reinsureds against reinsurers – Arbitrators making costs award in favour of reinsurers but not providing for interest on sums outstanding after due date – Reinsureds failing to pay costs by due date and reinsurers applying for leave to enforce award as judgment – Court granting leave and ordering reinsured to pay statutory interest on sums unpaid after due date – Whether court having power to make such an order – Supreme Court Act 1981, s 35A – Arbitration Act 1996, ss 1, 49, 66