(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.
Commencement Information
I1S. 12 fully in force; s. 12 not in force at Royal Assent see s. 17(2); s. 12 in force for specified purposes: at 1.11.1998 by S.I. 1998/2479, art. 3; at 1.7.1999 by S.I. 1999/1816, art. 3; at 1.9.2000 by S.I. 2000/2225, art. 3(1), Sch.; at 1.11.2000 by S.I. 2000/2740, art. 3(1); S. 12 in force (E. W. NI.) in so far as not already in for ce at 7.8.2002 by S.I. 2002/1673, art. 2; S. 12 in force (S.) in so far as not already in force at 7.8.2002 by S.S.I. 2002/337, art. 2