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CHAPTER 13 Are currency exchange losses recoverable as damages?

Foreign Currency: Claims, Judgments and Damages


Page 277

CHAPTER 13

Are currency exchange losses recoverable as damages?

I. THE ORTHODOX VIEW

Introduction

13.1 The issue considered in this chapter is whether losses arising from depreciation of a currency may be claimed as damages in civil proceedings. This question most commonly arises in claims for breach of contract arising from late or nonpayment of a fixed sum, but it can also arise in other types of claims.

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