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The County Courts (Interest on Judgment Debts) (Amendment) Order 1998
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- 1998 No. 2400 (L. 9)
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order extends the award of interest on county court judgments and orders, currently applicable only to sums not less than £5,000, to include all judgments and orders, of whatever amount, in respect of qualifying debts for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998. A qualifying debt, for the purposes of the 1998 Act, is a debt to pay the contract price, created by virtue of an obligation under a contract for the supply of goods or services where both purchaser and supplier are acting in the course of a business.
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