Amaltal Corporation Ltd v Maruha (NZ) Corporation Ltd - [2003] 2 NZLR 92

Arbitration — Appeal — Whether arbitral award to be set aside after unsuccessful application to appeal award — Whether Court should exercise statutory discretion to refuse to enforce award — Arbitration Act 1996, First Schedule, arts 34(2)(b)(ii), 35(1) and 36(1)(a) and (b).

Contract — Remedies — Penalties — Whether clauses constituted a penalty.