Article 2 Amendment 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.”.
Annotations
Footnotes
- f1
- f2
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1998 c. 20. “Qualifying debt” is defined in sections 16(1) and 3(1) of the Act. Since a qualifying debt is a debt created by virtue of an obligation under a contract to which the Act applies, a debt will not be a qualifying debt, and therefore will not be within the ambit of item (b) of the new definition of “relevant judgment”, if it arises under a description of contract for which the Act has not yet been brought into force under section 17(2) of the Act.