Mayor and Corporation of Dudley v Dudley, Stourbridge, and District Electric Traction Co: HL 23 Jul 1907

A corporation agreed to purchase, and a company to sell, a light railway at a price to be fixed by an arbitrator. The agreement did not fix any basis for the valuation. Held, in the circumstances of the case, that the arbitrator’s duty was to ascertain the value of the railway as a structure in situ, and not its value to the company as an income-earning concern

Judges:

Lord Chancellor (Loreburn), Lords Robertson, Atkinson, and Collins

Citations:

[1907] UKHL 636

Links:

Bailii

Jurisdiction:

England and Wales

Arbitration

Updated: 27 April 2022; Ref: scu.622310