# The Late Payment of Commercial Debts Regulations 2002, Regulation 3: Proceedings restraining grossly unfair terms or practices

Extent: E+W+N.I.

(1) In this regulation, “representative body” means an organisation established to represent the collective interests of any enterprise, either in general or in a particular sector or area.
(2) Paragraph (3) applies where a person acting in the course of a business enters (or intends to enter) as purchaser into a contract to which the Late Payment of Commercial Debts (Interest) Act 1998 applies.
(3) On the application of a representative body, the High Court may grant an injunction on such terms as it thinks fit restraining the person from relying on a term in the contract, or engaging in a practice in relation to the contract, where that term or practice relates to—
(a) the date or period for payment of a debt;
(b) the right to interest for late payment of a debt; or
(c) compensation arising out of late payment of a debt;
and in all the circumstances of the case that term or practice appears to the High Court to be grossly unfair.

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Source: https://www.legislation.gov.uk/uksi/2002/1674/regulation/3 (the official version)
Page: https://openlegislation.uk/late-payment-of-commercial-debts-regulations-2002/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.