Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

JANOS PACZY v. HAENDLER & NATERMANN G.M.B.H.

[1981] 1 Lloyd's Rep. 302

COURT OF APPEAL

Before Lord Justice Buckley and Lord Justice Brightman

Arbitration - Stay of action - Impecunious claimant unable to bring arbitration proceedings - Whether impecuniosity ground for refusal of stay - Construction of "incapable of being performed" - Whether a party's impecuniosity rendered agreement incapable of performance - I.C.C. Rules of Arbitration, art. 9 - Arbitration Act, 1975, s. 1 (1).

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