The Court granted leave to enforce a SIAC arbitral award as a judgment of the Federal Court under s 8(3) of the International Arbitration Act 1974 (Cth), entering judgment for AUD 700,000 in compensatory damages plus contractual interest, arbitration costs, and legal costs. Consistent with the established two-stage process, judgment was entered but stayed pending a return date to allow the respondents an opportunity to file an application to set aside, with the stay to expire if no challenge is brought within 28 days of notice. The Court applied the interest rates awarded by the arbitrator rather than the higher Australian post-judgment rate, holding this most closely gives effect to the terms of the award.
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