SCHEDULES

SCHEDULE 7Procedure Etc. of Arbitration Tribunal

PART IIScottish Proceedings

9

1

An appeal shall lie to the Court of Session on any question of law or fact from any determination or order of the arbitration tribunal with respect to a claim by either Corporation—

a

against the directors of a company to enforce a liability arising under section 23 of this Act, or

b

for compensation for loss arising from any transaction referred to the tribunal under any of sections 28, 30 and 31 of this Act.

2

An appeal shall lie, with the leave of the Court of Session or of the House of Lords, from any decision of the Court of Session under this paragraph, and such leave may be given on such terms as to costs or otherwise as the Court of Session or the House of Lords may determine.