2 total
The court enforced two arbitral awards totaling over $73 million after dismissing the respondent's application to set them aside.
This motion concerned an application by Tower-EBC G.P./S.E.N.C. (TEBC) to enforce two arbitral awards (a Partial Final Award on liability and damages, and a Final Award on costs) against Baffinland Iron Mines Corporation and Baffinland Iron Mines LP (BIM).
BIM raised several defenses, including a pending application to set aside or appeal the awards, which had previously been dismissed by the court.
The court granted TEBC's application to enforce both awards, confirming the awarded amounts for damages and costs, with a condition regarding the transfer of equipment title and excluding "applicable taxes" as not provided for in the original arbitral awards.
Pre-judgment interest was maintained as per the Tribunal's award.
The court dismissed an application to set aside a $70 million arbitration award, finding no jurisdictional errors, no procedural unfairness, and that the arbitration agreement precluded appeals.
The applicants, Baffinland Iron Mines LP and Baffinland Iron Mines Corporation (BIM), sought to set aside an arbitration award of over $70 million and a subsequent costs award in favour of the respondent, Tower-EBC G.P./S.E.N.C. (TEBC), pursuant to s. 46 of the Arbitration Act, 1991, and for leave to appeal under s. 45(1) of the Act.
The court dismissed BIM's application, finding no grounds to set aside the award for lack of jurisdiction or procedural unfairness, and further held that the arbitration agreement precluded an appeal from the Tribunal's decision.
