Part III U.K. Powers of Courts to Award Interest
15 Interest on debts and damages.U.K.
(1)The section set out in Part I of Schedule 1 to this Act shall be inserted after section 35 of the M1[F1Senior Courts Act 1981]
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
(3)The M2Crown Proceedings Act 1947 shall accordingly have effect subject to the amendment in Part III of that Schedule, being an amendment consequential on subsections (1) and (2) above.
(4)The provisions mentioned in subsection (5) below (which this section supersedes so far as they apply to the High Court and county courts) shall cease to have effect in relation to those courts.
(5)The provisions are—
(a)section 3 of the M3Law Reform (Miscellaneous Provisions) Act 1934; and
(b)in the M4Administration of Justice Act 1969—
(i)section 22; and
(ii)in section 34(3) the words from “and section 22” onwards.
F3(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 15(1) for the words "Supreme Court Act 1981" wherever they occur there is substituted (1.10.2009) the words "Senior Courts Act 1981" by virtue of Constitutional Reform Act 2005 (c. 4), ss. 59, 148(1), Sch. 11 para. 1(2); S.I. 2009/1604, art. 2
F2S. 15(2) repealed by County Courts Act 1984 (c. 28, SIF 34), s. 148(3), Sch. 4
F3S. 15(6) repealed (31.1.1997) by 1996 c. 23, s. 107(2), Sch. 4 (with ss. 1, 2, 5, 81, 84, 93(6), 94, 95, 106); S.I. 1996/3146, art. 3
Modifications etc. (not altering text)
C1The text of s. 15(1)(3) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
Marginal Citations
16 Interest on lump sums in matrimonial proceedings. U.K.
The following subsection shall be added after section 23(5) of the M5Matrimonial Causes Act 1973 (financial provision in orders in connection with divorce proceedings etc.)—
“(6)Where the court—
(a)makes an order under this section for the payment of a lump sum; and
(b)directs—
(i)that payment of that sum or any part of it shall be deferred; or
(ii)that that sum or any part of it shall be paid by instalments,
the court may order that the amount deferred or the instalments shall carry interest at such rate as may be specified by the order from such date, not earlier than the date of the order, as may be so specified, until the date when payment of it is due.”.
Modifications etc. (not altering text)
C2The text of s. 4, 6(1)(2), 14(1)(2)(4), 15(1)(3)(6), 16–19, 28(7), 34, 35, 49–54, 56–59, 61, 63–67, 69(1)(2), 70, 72(1), 75, Sch. 1 Pts. I, III, IV, Sch. 3 Pt. III para. 7, Sch. 4 Pt. I, Sch. 6 paras. 2–9, Sch. 7 Pts. I, II, Sch. 7 Pt. III paras 2, 3, Sch. 8, Sch. 9 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
Marginal Citations