The validity of the von-Neumann inequality for commuting - tuples of matrices remains open for . We give a partial answer to this question, which is used to obtain a necessary condition for the Carath'{e}odory-Fej'{e}r interpolation problem on the polydisc In the special case of (which follows from Ando’s theorem as well), this necessary condition is made explicit. An alternative approach to the Carath'{e}odory-Fej'{e}r interpolation problem, in the special case of adapting a theorem of Kor'{a}nyi and Puk'{a}nzsky is given. As a consequence, a class of polynomials are isolated for which a complete solution to the Carath'{e}odory-Fej'{e}r interpolation problem is easily obtained. A natural generalization of the Hankel operators on the Hardy space of then becomes apparent. Many of our results remain valid for any $n\in \mathbb N,n>2$ and are omitted. The inequality , where is the complex Grothendieck constant and is due to Varopoulos. Here the supremum is taken over all complex polynomials in variables of degree at most and commuting - tuples of contractions. We show that obtaining a slight improvement in the inequality of Varopoulos. We show that the normed linear space has no isometric embedding into complex matrices for any and discuss several infinite dimensional operator space structures on it.

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