Late Payment of Commercial Debts (Interest) Act 1998

12Conflict of laws

(1)This Act does not have effect in relation to a contract governed by the law of a part of the United Kingdom by choice of the parties if—

(a)there is no significant connection between the contract and that part of the United Kingdom; and

(b)but for that choice, the applicable law would be a foreign law.

(2)This Act has effect in relation to a contract governed by a foreign law by choice of the parties if—

(a)but for that choice, the applicable law would be the law of a part of the United Kingdom; and

(b)there is no significant connection between the contract and any country other than that part of the United Kingdom.

(3)In this section—

  • “contract” means a contract falling within section 2(1); and

  • “foreign law” means the law of a country outside the United Kingdom.