Goff LJ discussed whether damages might be ordered to be paid in a foreign currency: ‘For my part, I do not understand these cases to be inconsistent with the general rule stated in rule 172. Both cases were concerned with contracts for the supply of foreign currency, and in such a case, where the defendant fails to supply the foreign currency which he has contracted to supply, the claimant can only obtain an equivalent amount of foreign currency by expending some other currency which is likely to be the currency of the place in which he carries on business. Generally speaking, therefore, in cases such as these that is the currency in which the loss is incurred.’
Citations:
[1979] 1 QB 4911
Jurisdiction:
England and Wales
Cited by:
Appeal from – Services Europe Atlantique Sud (SEAS) v Stockholms Rederiaktiebolag Svea HL 1979
. .
Lists of cited by and citing cases may be incomplete.
Contract
Updated: 25 July 2022; Ref: scu.640548