Article 46 Claims in foreign currencyI1

Scotland

(1)

A creditor may state the amount of the creditor’s claim in currency other than sterling where—

(a)

the creditor’s claim is constituted by decree or other order made by a court ordering the company to pay the creditor a sum expressed in a currency other than sterling, or

(b)

where it is not so constituted, the creditor’s claim arises from a contract or bill of exchange in terms of which payment is or may be required to be made by the company to the creditor in a currency other than sterling.

(2)

Where a claim is stated in currency other than sterling for the purposes of the preceding paragraph, it shall be converted into sterling at the official exchange rate prevailing on the date when the company entered postal administration.

Annotations

Commencement

I1: Rule 46 in force at 1.10.2016, see rule 1