Appellate Division, First Department · October 29, 2026 · 2026 NY Slip Op 06387
Matter of Peers Business Inc. v Navios S. Am. Logistics Inc.
Read the official decision: 2026 NY Slip Op 06387
Holding The court reversed the lower court’s order continuing a temporary restraining order and dissolved the TRO because the petitioner participated in the arbitration proceedings, thereby waiving its right to seek a stay under CPLR 7503(b). The court held that the petitioner’s failure to seek judicial relief promptly, despite advice from a federal court, precluded it from avoiding arbitration.
The court’s words
Petitioner Peers Business Inc. cannot avail itself of CPLR 7503(b) because it has participated in the arbitration it seeks to stay
2026 NY Slip Op 06387, at the official text
a party must seek judicial relief "even if it believes that its request for such an interim stay will result in summary denial"
2026 NY Slip Op 06387, at the official text
Peers Business did not do so until April 2026, by which time it had already participated in the arbitration proceedings
2026 NY Slip Op 06387, at the official text
| Court | Appellate Division, First Department |
|---|---|
| Decided | October 29, 2026 |
| Citation | 2026 NY Slip Op 06387 |
| Area of law | Arbitration |
| Week | Week ending October 31, 2026 |
| Official text | Official decision: 2026 NY Slip Op 06387 |
| Publication status | Slip opinions are uncorrected and subject to revision before publication in the Official Reports. |
| Source feed | New York slip opinion page |
| Law Watch record id | 1648 |
Recommended citation
ESQ HQ, New York Law Watch, Matter of Peers Business Inc. v Navios S. Am. Logistics Inc., 2026 NY Slip Op 06387 (Appellate Division, First Department, October 29, 2026), https://esqhq.com/decisions/2026-ny-slip-op-06387/
How this record was made
Holding drafted by Law Watch’s in-house model, graded by three reviewers; every quotation verified word for word against the official text.
Read how Law Watch works