Stone v. Polon 2006 CanLII 24712 (ON C.A.)

Stone and Polon were partners in an accounting firm that was dissolved when they both

joined a larger firm. Eventually Stone left that firm and this action is brought to settle the

accounts between the parties. The matter was submitted to the court and the judge

accepted Stone's calculations as accurate with respect to the early years of the partnership. They could not agree on the calculations for the final years and agreed to submit the matter to arbitration. The arbitrator accepted Polon's position that all of the accounts, even those dealt with by the courts, should be reviewed. Solon disagreed and withdrew from the arbitration. This action is brought to determine whether Stone was bound to proceed with the arbitration on those terms or not. What do you think? What are the arguments that both parties could raise and the likely outcome