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dc.contributor.authorBrand, Ronald
dc.date2021-11-25T13:35:01.000
dc.date.accessioned2021-11-26T11:52:10Z
dc.date.available2021-11-26T11:52:10Z
dc.date.issued1985-01-01T00:00:00-08:00
dc.identifieryjil/vol11/iss1/9
dc.identifier.contextkey9346620
dc.identifier.urihttp://hdl.handle.net/20.500.13051/6155
dc.description.abstractRecent years have seen wide fluctuations in the value of currencies on the foreign exchange markets. As a result, those who participate in transnational business transactions now face greater risks when they become creditors on a foreign currency liability. This risk is exacerbated when the creditor must turn to U.S. courts to satisfy a foreign currency debt. Under the home currency judgment rule, United States courts have required all judgments to be granted in U.S. currency and have not recognized that an award in a foreign currency may better serve the interests of the injured party. English courts have recently thrown off three and a half centuries of similar precedent and are now granting judgments in foreign currencies. It is time for the United States to abandon its out-dated rules on foreign currency liabilities and adopt an approach consistent with modem commercial realities.
dc.titleRestructuring the U.S. Approach To Judgments On Foreign Currency Liabilities: Building On The English Experience
dc.source.journaltitleYale Journal of International Law
refterms.dateFOA2021-11-26T11:52:10Z
dc.identifier.legacycoverpagehttps://digitalcommons.law.yale.edu/yjil/vol11/iss1/9
dc.identifier.legacyfulltexthttps://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1474&context=yjil&unstamped=1


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