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The County Courts (Interest on Judgment Debts) (Amendment) Order 1998

S.I. 1998/2400 · Made 23 September 1998

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

COUNTY COURTS

Made 23rd September 1998

Laid before Parliament 28th September 1998

Coming into force 1st November 1998

The Lord Chancellor, in exercise of the powers conferred on him by section 74 of the County Courts Act 1984f1, and with the concurrence of the Treasury, makes the following Order:

Annotations to the whole text

Footnotes

f1

1984 c. 28. Section 74 has been amended by section 2 of the Private International Law (Miscellaneous Provisions) Act 1995 (c. 42).

Contents

  1. 1Citation and commencement
  2. 2Amendment to County Courts (Interest on Judgment Debts) Order 1991
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the County Courts (Interest on Judgment Debts) (Amendment) Order 1998 and shall come into force on 1st November 1998.

2Amendment to County Courts (Interest on Judgment Debts) Order 1991

In article 1(2) of the County Courts (Interest on Judgment Debts) Order 1991f1 the following definition of “relevant judgment” shall be substituted:

  • ““relevant judgment” means a judgment or order of a county court for the payment of a sum of money (a) of not less than £5,000 or (b) in respect of a debt which is a qualifying debt for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998f2 and, in relation to a judgment debt, means the judgment or order which gives rise to the judgment debt.”.

Signature

Signed by authority of the Lord Chancellor

G.W. Hoon

Minister of State,

Lord Chancellor’s Department

Dated 6th September 1998

We concur,

Bob Ainsworth

Jim Dowd

Two of the Lords Commissioners of Her Majesty’s Treasury

Dated 23rd September 1998

Explanatory note

(This note is not part of the Order)

This Order extends the award of interest on county court judgments and orders, currently applicable only to sums not less than £5,000, to include all judgments and orders, of whatever amount, in respect of qualifying debts for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998. A qualifying debt, for the purposes of the 1998 Act, is a debt to pay the contract price, created by virtue of an obligation under a contract for the supply of goods or services where both purchaser and supplier are acting in the course of a business.