
1 
This Order may be cited as the Unfair Arbitration Agreements (Specified Amount) Order (Northern Ireland) 2005 and shall come into operation on 1st June 2005.
2 

(1) Subject to paragraph (2) the Unfair Arbitration Agreements (Specified Amount) Order (Northern Ireland) 1996 is hereby revoked.
(2) The Order referred to in paragraph (1) shall continue to have effect in relation to any arbitration agreement entered into before this Order came into operation as if this Order had not been made.
3 
In relation to any arbitration agreement entered into after the coming into operation of this Order the amount of £5,000 is hereby specified for the purposes of section 91 of the Arbitration Act 1996 (arbitration agreement unfair where modest amount sought).
Sealed with the Official Seal of the Department of Enterprise, Trade and Investment on 4th April 2005.
M. Bohill
A senior officer of the
Department of Enterprise, Trade and Investment
Signed by authority of the Lord ChancellorI concur,
Catherine M. Ashton
Parliamentary Under-Secretary of State
Department for Consitutional Affairs
11th April 2005