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The High Court has refused to grant a stay on a Polish company's arbitral award against two Irish companies, ordering the payment of over 27 million Polish zloty and additional costs. One of the companies had sought time to explore a potential scheme of arrangement. The court emphasized the need for finality and the applicant's entitlement to enforce the award without further delay.
Polish company, Irish companies, arbitral award, recognition and enforcement, High Court, UNCITRAL Model Law, New York Convention, scheme of arrangement, Companies Act 2014, stay of enforcement, judgment, interest, costs, Arbitration Act 2010, Order 56 RSC.
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