§ 1536. Asserting and defending a foreign-money claim
(a) A claimant may assert a claim in a specified foreign money. If a foreign money is not asserted, the claimant makes a claim for a judgment in United States dollars. (b) An opposing party may allege and prove that the claim is, in whole or in part, for a different money than that asserted […]
§ 1537. Judgments and awards on foreign-money claims: times of money conversion: form of judgment
(a) Except as provided in subsection (c) of this section, a judgment or arbitration award on a foreign-money claim must be stated in amount of the money of the claim. (b) The judgment or award is payable in that foreign money or, at the option of the debtor, in the amount of United States dollars […]
§ 1538. Conversions of foreign money in a distribution proceeding
The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign-money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must assert its claim in the named foreign money and show the amount of United States dollars resulting from […]
§ 1539. Pre-judgment and judgment interest
(a) With respect to a foreign-money claim, recovery of pre-judgment interest and the rate of interest to be applied in the action or distribution proceeding are matters of the substantive law governing the right to recovery under the conflict of laws rules of this territory. (b) Notwithstanding subsection (a) of this section, an increase or […]
§ 1540. Enforcement of foreign judgments
(a) Subject to subsections (b) and (c) of this section, if an action is brought to enforce a judgment of another jurisdiction expressed in a foreign money and the judgment is recognized in this territory as enforceable, the enforcing judgment must be entered as provided in section 1537 of this title whether or not the […]
§ 1530. Short title
This chapter shall be known and may be cited as the “Uniform Foreign Money Claims Act”.