Case Name: In the Matter of the Arbitration between Travelers Inc. et al., Respondents, and GE Capital Mortgage Corporation et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1995-01-19
Citations: 211 A.D.2d 522
Docket Number: 
Parties: In the Matter of the Arbitration between Travelers Inc. et al., Respondents, and GE Capital Mortgage Corporation et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 211
Pages: 522–523

Head Matter:
In the Matter of the Arbitration between Travelers Inc. et al., Respondents, and GE Capital Mortgage Corporation et al., Appellants.
[621 NYS2d 562]

Opinion:
Judgment, Supreme Court, New York County (Leland DeGrasse, J.), entered June 9, 1994, which, inter alia, granted petitioners' application for a permanent stay of arbitration, unanimously affirmed, with costs.
There is no arbitration clause in the Stock Purchase Agreement under which arbitration is sought. The mere reference to a separate indemnity agreement, executed by petitioners only, may not be relied upon by respondents to compel arbitration under the Stock Purchase Agreement. Arbitration will only be compelled where the parties have expressly agreed to arbitrate in clear and unequivocal language and will not be directed where arbitration is sought by implication (Matter of Waldron [Goddess], 61 NY2d 181, 183-184). Concur—Ellerin, J. P., Ross, Williams and Tom, JJ.