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This book provides practitioners with all the information and advice they need in advancing, or defending against, any elements of a claim for debt or damages for breach of contract or in tort that involve a foreign currency.
The determination of the proper currency or currencies of a claim often has a dramatic effect on the level of a judgement, award or recovery, and in some cases can result in a party suffering a financial loss. It is, therefore, vital for practitioners to accurately assess these claims.
The authors guide the reader through the governing principles and procedures for making or defending against foreign currency claims. They explain the factors relating to the recovery or payment of interest and discuss ways in which a party can advance arguments or adduce evidence to prove or disprove the relevance of a particular currency.
This book will be an invaluable resource for shipping and commercial litigators, claims departments of insurance companies insuring assets and liabilities abroad, as well as post-graduate law students.