Part II Powers in relation to Transfers of Control of Important Manufacturing Undertakings to Non-Residents
20 Arbitration of disputes relating to vesting and compensation orders.
1
Any dispute to which this section applies shall be determined under Schedule 3 to this Act.
2
Where any such dispute has been submitted to a tribunal constituted under that Schedule, any other dispute to which this section applies shall be determined by the same tribunal.
3
This section applies to a dispute which arises out of a vesting order or a compensation order and to which one of the parties is the Secretary of State F1 . . .or a body corporate the whole or part of whose share capital has vested by virtue of the order in either of them or in nominees for either of them—
a
if the provisions of the order require it to be submitted to arbitration; or
b
if one of the parties wishes it to be so submitted;
and where this section applies to a dispute which arises out of an order, it also applies to any dispute which arises out of a related order.
4
A vesting order and a compensation order are related for the purposes of this section if they relate to the same capital or assets.