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Transitional provisions.
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15.—(1) This Part shall not apply to an international commercial arbitration commenced before the day on which this Act comes into operation unless—
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(a) the arbitration is concluded after that day, and
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(b) the parties agree that this Part shall apply.
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(2) This Part shall apply to an international commercial arbitration commenced on or after the day on which this Act comes into operation—
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(a) under an arbitration agreement entered into on or after that day, or
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(b) if the parties so agree, under an arbitration agreement entered into before that day.
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