Selected Cases by Article & Issues
Article 8.20 Cases
Where the obligations are to pay money in different currencies, the right of set-off may be exercised, provided that both currencies are freely convertible and the parties have not agreed that the first party shall pay only in a specified currency.
|1||Set-off of obligations in different currencies|
|1.1||Freely convertible currencies|
|1.2||Currency specified by contract|