(1)In the following provisions for “twelve years” substitute “20 years”—
(a)sections 27A(2) and 27B(2) of the Limitation Act 1980 (c. 58) (civil recovery of property obtained through unlawful conduct etc),
(b)sections 19B(2) and 19C(2) of the Prescription and Limitation (Scotland) Act 1973 (c. 52) (equivalent provisions for Scotland), and
(c)Articles 72A(2) and 72B(2) of the Limitation (Northern Ireland) Order 1989 (S.I. 1339 (N.I. 11)) (equivalent provisions for Northern Ireland).
(2)The amendments made by this section—
(a)apply to causes of action which accrued before, as well as to causes of action which accrue after, the commencement of this section, but
(b)do not apply to causes of action barred by the provisions mentioned in subsection (1) before the commencement of this section.