May 4

Awarding Due Obligations Stipulated in Foreign Currency

  With its interpretative decision from 29th Apr 2015 on interpretative case No 4/2014 of the General Assembly of the Civil and Trade Chamber (GACTC) the Supreme Court of Cassation gave a mandatory interpretation of the so far contradictory case-law concerning the right of courts to award the BGN equivalent of obligations stipulated in foreign currency.