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Debt Relief (Developing Countries) Bill


Debt Relief (Developing Countries) Bill

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7       

Exception for overriding EU or international obligations

(1)   

Nothing in this Act applies to a foreign judgment or an arbitration award of a

kind required by European Union law, or by an international obligation of the

United Kingdom, to be enforced in full even in cases where such enforcement

is contrary to the public policy of the United Kingdom.

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(2)   

Accordingly, this Act does not apply to—

(a)   

a foreign judgment that is certified as a European Enforcement Order

(within the meaning of Regulation (EU) No. 805/2004 of the European

Parliament and of the Council),

(b)   

a foreign judgment that is an enforceable European Order for Payment

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(within the meaning of Regulation (EU) No. 1896/2006 of the European

Parliament and of the Council), or

(c)   

an award to which section 1 of the Arbitration (International

Investment Disputes) Act 1966 applies (awards made under the

Convention on the settlement of investment disputes between States

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and nationals of other States).

(3)   

“Foreign judgment” has the meaning given by section 5(5).

8       

Saving

Nothing in this Act enables a person to recover anything paid in (total or

partial) satisfaction of any liability (whether arising under an agreement,

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judgment, order, award or otherwise).

9       

Commencement, extent and short title

(1)   

This Act comes into force at the end of the period of two months beginning

with the day on which it is passed.

(2)   

This Act extends to each part of the United Kingdom.

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(3)   

This Act may be cited as the Debt Relief (Developing Countries) Act 2010.

 
 

 
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Revised 22 February 2010