Imptex International Corp. v. Worldwide Fabrics, Inc.
This text of 194 A.D.2d 388 (Imptex International Corp. v. Worldwide Fabrics, Inc.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
—Order and judgment (one paper), Supreme Court, New York County (William P. McCooe, J.), entered June 11, 1992, which, inter alia, denied the petition to vacate an arbitration award, dated May 6, 1991, and granted respondent’s cross-petition to confirm the arbitration award, unanimously affirmed, with costs.
Petitioner’s contention that the arbitrators exceeded their authority is without merit. Contrary to petitioner’s contention, "[wjhere an award does not indicate how the amount awarded has been computed or that the arbitrator has included an element of damages specifically excluded by the contract, it cannot be concluded that the arbitrator exceeded his powers under the contract” (Matter of Zeller & Goldschmidt v Cooper, Selvin & Strassberg, 167 AD2d 548). In this regard, the mere possibility that an arbitration award violates an express limitation on an arbitrator’s power does not provide a basis for the vacatur of the award (see, Matter of Silverman [Benmor Coats], 61 NY2d 299, 308-309). Here, the award does not establish how the amount was calculated and it cannot be discerned therefrom or from the record that the arbitrators disregarded the provisions of the contract. Further, any attempts to determine the basis for the award would be speculative (Matter of Zeller & Goldschmidt v Cooper, Selvin & [389]*389Strassberg, supra). In any event, "a provision that the arbitrators may not alter or modify the contract does not limit the power of arbitrators to resolve the dispute submitted to them by interpreting the contract based on their findings as to the intent of the parties” (Twiss Assocs. v Imptex Intl. Corp., 189 AD2d 672, 673). Concur—Rosenberger, J. P., Wallach, Ross, Kassal and Nardelli, JJ.
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Cite This Page — Counsel Stack
194 A.D.2d 388, 598 N.Y.S.2d 519, 1993 N.Y. App. Div. LEXIS 5932, Counsel Stack Legal Research, https://law.counselstack.com/opinion/imptex-international-corp-v-worldwide-fabrics-inc-nyappdiv-1993.