The applicant sought leave to appeal an arbitral award concerning the interpretation of "Appraised Value" in a long-term commercial ground lease.
The dispute centered on whether the appraised value should be based on a mixed-use residential/commercial development or a mixed-use office/commercial shopping centre, considering zoning bylaws and current use.
The arbitrator had ruled in favor of the respondent.
The applicant alleged three extricable errors of law: failure to consider binding legal authority (official plan vs. zoning bylaw), failure to apply principles of contractual interpretation, and error in excluding expert reports.
The court found that the Ground Lease, which stipulated awards were "final and binding," governed the arbitration, not a separate arbitration agreement.
It further determined that the alleged errors were questions of mixed fact and law, not extricable errors of law, and that the expert reports were properly excluded as they did not assist in contractual interpretation.
Consequently, the application for leave to appeal was dismissed.