The right of any person from whom a chattel is stolen to bring an action in respect of the theft shall not be subject to the time limits under sections 2 and 3(1) of this Act, but if his title to the chattel is extinguished under section 3(2) of this Act he may not bring an action in respect of a theft preceding the loss of his title, unless the theft in question preceded the conversion from which time began to run for the purposes of section 3(2).
Any cause of action accruing in respect of the theft or any conversion related to the theft of a chattel to any person from whom the chattel is stolen shall be disregarded for the purpose of applying section 3(1) or (2) of this Act to his case.
Where in any action brought in respect of the conversion of a chattel it is proved that the chattel was stolen from the plaintiff or anyone through whom he claims it shall be presumed that any conversion following the theft is related to the theft unless the contrary is shown.
In this section "theft" includes—
(a) any conduct outside England and Wales which would be theft if committed in England and Wales; and
(b) obtaining any chattel (in England and Wales or elsewhere) by—
(i) blackmail (within the meaning of section 21 of the Theft Act 1968), or
(ii) fraud (within the meaning of the Fraud Act 2006);
and references in this section to a chattel being "stolen" shall be construed accordingly.