Equitable set-off: High Court considers date for conversion of judgment sums in different currencies | Practical Law

Equitable set-off: High Court considers date for conversion of judgment sums in different currencies | Practical Law

In Fearns v Anglo Dutch Paint & Chemical Company Ltd [2010] EWHC 2366 (Ch), the High Court considered the date at which damages payable to the claimant (in euros) and a debt payable by the claimant (in sterling) should be converted into a common currency and set off against each other. It also considered whether a costs order could be set off against the damages award.

Equitable set-off: High Court considers date for conversion of judgment sums in different currencies

by Practical Law Dispute Resolution
Published on 06 Oct 2010 • England, Wales
In Fearns v Anglo Dutch Paint & Chemical Company Ltd [2010] EWHC 2366 (Ch), the High Court considered the date at which damages payable to the claimant (in euros) and a debt payable by the claimant (in sterling) should be converted into a common currency and set off against each other. It also considered whether a costs order could be set off against the damages award.