Mohammad Ammar Al-Bahloul v The Republic of Tajikistan - United States District Court, S.D. New York. No 10-cv-09257 ALC - Amended Default Judgment Converting into US Currency - 8 October 2020
Country
Year
2020
Summary
United States District Court, S.D. New York.
October 8, 2020.
AMENDED DEFAULT JUDGMENT CONVERTING INTO U.S. CURRENCY
ANDREW L. CARTER, JR., District Judge.
This cause came before the Court on Movant, Mohammad Ammar Al-Bahloul's, Letter Motion for Conversion of Default Judgment into U.S. Currency, specifically the Default Judgment entered on April 19, 2011, confirming the September 2, 2009 Partial Award on Jurisdiction and Liability and the June 8, 2010 Final Award by an arbitration panel of the Arbitration Institute of the Stockholm Chamber of Commerce (the "April 19, 2011 Judgment"), and notice having been sent to Defendant the Republic of Tajikistan at the addresses previously used in this matter, and the Court receiving no response therefrom to the instant application, and the Court incorporating by reference the findings of fact, conclusions of law and rulings in the April 19, 2011 Judgment, and the Court finding that:
1. The Default Judgment entered on April 19, 2011 confirming the September 2, 2009 Partial Award on Jurisdiction and Liability and the June 8, 2010 Final Award by an arbitration panel of the Arbitration Institute of the Stockholm Chamber of Commerce was entered in two foreign currencies, EUR 562,488 in Euros and SK 4063 in Swedish Krona. Movant moved pursuant to Fed. R. Civ. P. 60(a) to convert the Default Judgment into U.S. Currency and the Court grants that motion.
2. On April 19, 2011, Euro to U.S. Dollar rate was 1EUR = $1.4336. At that rate, the total amount of Euros in the Default Judgment converts into $806,382.80.
3. On April 19, 2011, Swedish Krona to U.S. Dollar rate was 1 SK = $.1607, at that rate, the total amount of Swedish Krona in the Default Judgment converts into $652.92.
4. Accordingly, the principal amount of the Default Judgment in foreign currencies converts into $807,035.72 in U.S. Dollars based on the date the judgment was entered.
NOW THEREFORE, IT IS HERBY ORDERED, ADJUDGED AND DECREED:
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Mohammad Ammar Al-Bahloul v Tajikistan - SCC Case No. V 064/2008 - Final Award - 8 June 2010 on OGEL and TDM here:
