(DOWNLOAD) "New England Power Co. v. Asiatic Petroleum Corp." by United States Court of Appeals for the First Circuit ~ Book PDF Kindle ePub Free
eBook details
- Title: New England Power Co. v. Asiatic Petroleum Corp.
- Author : United States Court of Appeals for the First Circuit
- Release Date : January 17, 1972
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
This case, but not this opinion, involves the efforts of a major oil supplier, Asiatic Petroleum Corporation ("Asiatic") to exact, because of events allegedly beyond its control, increased prices from its customer, the New England Power Company ("New England"). Upon New Englands resisting such increases, Asiatic sought to initiate arbitration. Although the contract between the parties contains a commercial arbitration clause which covers the subject matter of the present dispute, New England argues that the potential impact of oil price increases on consumers of electrical energy is charged with such "public significance" that the issue is not properly one for decision by arbitrators. Asiatic contends that arbitration is required by the Federal Arbitration Act, 9 U.S.C. § 1 et seq.