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CHINA PR 29
Maritime Court, Guangzhou, 17 June 2020, (2020) Yue 72 Xie Wai Ren No. 1
(Emphor FZCO v. Guangdong Yuexin Ocean Engineering Co., Ltd.)
CHINA PR 29
The Maritime Court recognized and enforced an award rendered in Singapore in accordance with the Rules of the Singapore Chamber of Maritime Arbitration (SCMA). The arbitral tribunal had awarded interest on a counterclaim, even though the counterclaimant had not claimed it. The Court held that this did not constitute a ground for refusal under Art. V(1)(c) of the New York Convention, because awarding interest was within the tribunal’s power under the SCMA Rules, which provide that the arbitrators may award “simple or compound interest on any sum awarded at such rate or rates and in respect of such period or periods both before and after the date of the Award as the Tribunal considers just”.