- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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The Petroleum (Production) (Landward Areas) Regulations 1995
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Changes and effects yet to be applied to Schedule 4 Paragraph 14:
- Regulations modified in pt. by S.I. 2015/766 reg. 3
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- reg. 3(1A) inserted by 2016 c. 11 s. 48(24)
- reg. 3(1A) words inserted by S.I. 2018/980 reg. 3(3)
- reg. 12 inserted by S.I. 2016/912 reg. 6(8)
ArbitrationU.K.
14.—(1) If at any time any dispute, difference or question shall arise between the Minister and the Licensee as to any matter arising under or by virtue of this licence or as to their respective rights and liabilities in respect thereof then the same shall, except where it is expressly provided by this licence that the matter or thing to which the same relates is to be determined, decided, approved or consented to by the Minister, be referred to arbitration as provided by the following paragraph.
(2) The arbitration referred to in the foregoing paragraph shall be in accordance with the Arbitration Act 1950 by a single arbitrator who, in default of agreement between the Minister and the Licensee as to his appointment, shall be appointed by the Lord Chief Justice of England.
Note:Where the licensed area is situate in Scotland the following provision will be substituted for the last foregoing paragraph.
(2A) The arbitration referred to in the foregoing paragraph shall be by a single arbiter who, in default of agreement between the Minister and the Licensee as to his appointment, shall be appointed by the Lord President of the Court of Session.
Note:Schedules to each licence will describe the area to which the licence relates and specify the payment to be made by the Licensee in consideration for the grant of the licence.
Licences will be executed as deeds in duplicate by all parties thereto.
Commencement Information
I1Sch. 4 clause 14 in force at 30.6.1995, see reg. 1
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