Unfair Arbitration Agreements (Specified Amount) Order (Northern Ireland) 2005
Agreements
Government Printer for Northern Ireland
2017-09-28
ARBITRATION
This Order specifies the amount of £5,000 (“the new amount”) for the purposes of section 91 of the Arbitration Act 1996 (“the 1996 Act”) for Northern Ireland. This Order also revokes and replaces the Unfair Arbitration Agreements (Specified Amount) Order (Northern Ireland) 1996 which specified the amount of £3,000 (“the old amount”). However the new amount will only apply in relation to any arbitration agreement entered into after this Order comes into operation. The old amount will continue to apply in relation to any arbitration agreement entered into before that date.
2005 No. 219
ARBITRATION
Unfair Arbitration Agreements (Specified Amount) Order (Northern Ireland) 2005
Made
Coming into operation
The Department of Enterprise, Trade and Investment1, in exercise of the powers conferred on it by section 91(1) and (3)(c) of the Arbitration Act 19962 and of every other power enabling it in that behalf, with the concurrence of the Lord Chancellor, hereby makes the following Order: