Part I Prescription
Negative Prescription
C29C1†Definition of “relevant claim” for purposes of sections 6, 7 and 8.
1
In sections 6 F17 and 8A of this Act the expression “relevant claim”, in relation to an obligation, means a claim made by or on behalf of the creditor for implement or part-implement of the obligation, being a claim made—
a
in appropriate proceedings, or
F2b
c
d
by the presentation of, or the concurring in, a petition for the winding up of a company or by the submission of a claim in a liquidation in accordance with rules made under section 411 of the Insolvency Act M1 1986;
and for the purposes of the said sections 6 F17 and 8A the execution by or on behalf of the creditor in an obligation of any form of diligence directed to the enforcement of the obligation shall be deemed to be a relevant claim in relation to the obligation.
2
In section 8 of this Act the expression “relevant claim”, in relation to a right, means a claim made in appropriate proceedings by or on behalf of the creditor to establish the right or to contest any claim to a right inconsistent therewith.
3
4
In this section the expression “appropriate proceedings” and, in relation to an arbitration, the expression “F7the date when the arbitration begins” have the same meanings as in section 4 of this Act.