Our Managing Partner Najib Hage-Chahine discusses the complex issues arising out of the payment of debts denominated in a foreign currency in a piece that was published by SADER Legal (since 1863).

The article analyses the existing case law on the matter and highlights three specific issues:

- The validity of contractual clauses that require the payment of a debt in a foreign currency.

- The possibility for the debtor to pay in national currency.

- The determination of the applicable exchange rate if the debtor is able to pay in national currency.

Click here to read the article.