17 May 2006
ROCHIS LT V CHAMBERS HC HAM CIV 2005-419-1028
- Citation
- openlaw-9766f423_83fa_43cb_ac8d_221569ff20eb.pdf
- Court
- High Court
Clause 16 made the USD relation a material contractual feature and the vendors had a foreseeable right to be compensated for adverse exchange rate movement as general damages under clause 9.4(1)(b); clause 3.9(1)'s interest entitlement did not preclude recovery of exchange-rate losses because such losses cannot sensibly be liquidated by pre-agreed interest and were not remote; accordingly Rochis could not recover the exchange-rate compensation from the Chambers family and judgment was for the Chambers family.