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Lloyd's Law Reports

BARCLAYS BANK INTERNATIONAL LTD. v. LEVIN BROS. (BRADFORD) LTD.

[1977] 1 Lloyd's Rep. 51

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Mocatta

Bill of exchange - Dishonour - Judgment in foreign currency-Bill of exchange drawn by American company on English company and payable in U.S. dollars in England - Bill accepted by drawee-Transfer of bill to third party - Bill dishonoured on presentation - Claim by third party against drawee-Whether judgment could be given in foreign currency- Whether rate of exchange for conversion of sum into sterling was that applicable when payment due or that applicable at date of judgment or its enforcement - Bills of Exchange Act, 1882, ss. 54 (1), 57, 72 (4).

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