1996 No. 3211
ARBITRATION
The Unfair Arbitration Agreements (Specified Amount) Order 1996
Made
Laid before Parliament
Coming into force
The Secretary of State, in exercise of the powers conferred on him by section 91(3)(a) and (b) of the Arbitration Act 19961, with the concurrence (as respects England and Wales) of the Lord Chancellor and (as respects Scotland) of the Lord Advocate, hereby makes the following Order:
1
This Order may be cited as the Unfair Arbitration Agreements (Specified Amount) Order 1996, and shall come into force on 31st January 1997.
2
The amount of £3,000 is hereby specified for the purposes of section 91 of the Arbitration Act 1996 (arbitration agreement unfair where modest amount sought).
John M. Taylor,Parliamentary Under-Secretary of State for Corporate and Consumer Affairs,Department of Trade and Industry
I concur,
Mackay of Clashfern, C.
I concur,
Mackay of Drumadoon,Lord Advocate'sDepartment
(This note is not part of the Order)