Credit Contracts and Consumer Finance Act 2003

120 Reopening of credit contracts, consumer leases, and buy-back transactions

The court may reopen a credit contract, a consumer lease, or a buy-back transaction if, in any proceedings (whether or not brought under this Act), it considers that—

(a)

the contract, lease, or transaction is oppressive; or

(b)

a party has exercised, or intends to exercise, a right or power conferred by the contract, lease, or transaction in an oppressive manner; or

(c)

a party has induced another party to enter into the contract, lease, or transaction by oppressive means.

Compare: 1981 No 27 s 10(1)