Search Legislation

Damages Act 1996

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)
 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 17

 Help about opening options

Alternative versions:

Changes to legislation:

Damages Act 1996, Paragraph 17 is up to date with all changes known to be in force on or before 28 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[F117(1)A hypothetical investor is a person who falls within each of sub-paragraphs (2) to (4).N.I.

(2)A person falls within this sub-paragraph if the person—

(a)is a recipient of damages, and

(b)will—

(i)invest the damages, and

(ii)do so as properly advised.

(3)A person falls within this sub-paragraph if the person—

(a)has no financial resources, apart from the damages, that can be used to meet the losses and expenses for which the damages are awarded, and

(b)will make withdrawals from the investment fund deriving from investment of the damages.

(4)A person falls within this sub-paragraph if the person is someone whose objectives are of securing that the damages will—

(a)meet the losses and expenses for which the damages are awarded, and

(b)be exhausted at the end of the period for which the damages are awarded.]

Back to top

Options/Help