Protection of Trading Interests Act 1980

Protection of Trading Interests Act 1980
Dates
Parliament of the United Kingdom
Long title	An Act to provide protection from requirements, prohibitions and judgments imposed or given under the laws of countries outside the United Kingdom and affecting the trading or other interests of persons in the United Kingdom.
Citation	c.11
Royal Assent	20 March 1980
Commencement	Royal Assent
Status: Current legislation
Text of the Protection of Trading Interests Act 1980 as in force today (including any amendments) within the United Kingdom, from the UK Statute Law Database

The Protection of Trading Interests Act 1980 was a piece of legislation passed by the British Parliament to counter American assertions of extraterritorial jurisdiction.^[1]

The Act gives the Secretary of State for Trade and Industry the authority to "give to any person in the United Kingdom who carries on business there such directions for prohibiting compliance" with laws of a foreign state which control or regulate international trade in a way which damages British trading interests.^[2]

The Act also prohibited British corporations from giving documentation to a potentially hostile foreign interest and empowered British courts to seize the assets of any overseas power which impounded assets of British corporations.^[3]

The Act restricts the enforceability of judgments for multiple damages. Section 5 provides that British courts will not enforce a judgment for "an amount arrived at by doubling, trebling or otherwise multiplying a sum assessed as compensation".^[4]

References

United Kingdom legislation

Pre-Parliamentary legislation	List of English statutes Charter of Liberties Magna Carta

Acts of Parliament by states preceding the Kingdom of Great Britain	Acts of the Parliament of England to 1483 1485–1601 1603–1641 Interregnum (1642–1660) 1660–1699 1700–1706 Acts of the Parliament of Scotland Acts of the Parliament of Ireland to 1700 1701–1800

Acts of Parliament of the Kingdom of Great Britain	1707–1719 1720–1739 1740–1759 1760–1779 1780–1800

Acts of Parliament of the United Kingdom of Great Britain and Ireland and the United Kingdom of Great Britain and Northern Ireland	1801–1819 1820–1839 1840–1859 1860–1879 1880–1899 1900–1919 1920–1939 1940–1959 1960–1979 1980–1999 2000 to date Halsbury's Statutes UK Statute Law Database Short titles

Church of England measures	List Church of England Assembly (Powers) Act 1919

Legislation of devolved institutions	Acts of the Scottish Parliament Acts and Measures of the National Assembly for Wales Acts of the Northern Ireland Assembly Acts of the Parliament of Northern Ireland Orders in Council for Northern Ireland

Orders-in-Council	Order in Council

Secondary legislation	United Kingdom Statutory Instruments Scottish Statutory Instruments Act of Sederunt, Act of Adjournal

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