Cap. 452 чл. 70Voluntary settlements.

If a settlement of a trade dispute (being a settlement not inconsistent with any enactment, or other instrument having the force of law, regulating wages and other terms and conditions of employment) is reached as a result of measures taken under article 69, and a memorandum of the terms of that settlement has been drawn up in writing and has been signed by the parties or their representatives and a copy thereof, together with a declaration that is a settlement for the purposes of this article signed as aforesaid, has been delivered to the Minister -

(a) it shall not be open to any of the parties to seek by unilateral action a revision of the terms of the settlement before the expiration of at least one year from the date of that settlement; and

(b) any such settlement shall be binding on the parties to it, on the workers represented in the dispute and the workers affected by it and shall be binding on any successor in title of any one of the parties to the dispute.