Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

INTERNATIONAL MINERALS & CHEMICAL CORPORATION v. KARL O. HELM A.G. AND ANOTHER

[1986] 1 Lloyd's Rep. 81

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Hobhouse

Contract - Construction - Sale of subsidiary - Currency - Whether words "all foreign currency assets and liabilities" should be read as covering inventory - Plaintiffs alleged failure to make timeous payment caused exchange loss because of fall in value of Belgian franc in terms of U.S. dollar - Whether loss recoverable.

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