F1 SCHEDULES
C2C3SCHEDULE 10 Transfers under Sections 66 and 67
Sch. 10 applied (with modifications) (16.5.2001) by 2000 c. 27, s. 108, Sch. 7 para. 7; S.I. 2001/1781, art. 2, Sch. (subject to transitional provisions in arts. 3-10)
Third parties affected by vesting provisions
9
1
If in consequence of two or more transfers effected in pursuance of a transfer scheme or of anything done in pursuance of the provisions of this Schedule—
a
the rights or liabilities of any person other than the transferor and the transferees which were enforceable against or by the transferor become enforceable as to part against or by one transferee and as to part against or by another transferee; and
b
the value of any property or interest of that person is thereby diminished,
such compensation as may be just shall be paid to that person by one or more of the transferees.
C12
Any dispute as to whether, and if so how much, compensation is payable under sub-paragraph (1) above, or as to the person to or by whom it shall be paid, shall be referred to and determined—
a
by an arbitrator appointed by the Lord Chancellor; or
b
where the proceedings are to be held in Scotland, by an arbiter appointed by the Lord President of the Court of Session.
F23
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Sch. 10 applied (with modifications) (8.11.1995) by 1995 c. 25, ss. 17(1), 18(2)(c), Sch. 5 Pt. I paras. 1, 7(1)