https://www.taxtmi.com/article/detailed?id=14198 Arbitrator power to award interest is compensatory and may cover pre-reference, pendente lite, and post-award periods; this power is recognized unless the parties' agreement expressly bars interest. Determination whether a contractual clause ousts the arbitrator's power depends on the clause's phraseology, the arbitration-related powers in the contract, the nature of the claim, and the period and items to which any bar applies. A wide prohibition on a party claiming interest does not automatically preclude an award of pendente lite interest for delayed payment, and courts may adjust the rate of pendente lite interest after considering litigation delay and sums already paid. en-us Wed, 23 Apr 2025 09:11:33 +0530 Wed, 23 Apr 2025 09:11:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14198 Arbitrator power to award interest is compensatory and may cover pre-reference, pendente lite, and post-award periods; this power is recognized unless the parties' agreement expressly bars interest. Determination whether a contractual clause ousts the arbitrator's power depends on the clause's phraseology, the arbitration-related powers in the contract, the nature of the claim, and the period and items to which any bar applies. A wide prohibition on a party claiming interest does not automatically preclude an award of pendente lite interest for delayed payment, and courts may adjust the rate of pendente lite interest after considering litigation delay and sums already paid. Articles Other Topics Wed, 23 Apr 2025 09:11:33 +0530 https://www.taxtmi.com/article/detailed?id=14198