Luis rivas forex converter
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Jindal Exports Ltd. Abcom Trading Pvt. Similarly, domestic awards are executable as a decree of the court where the time for making an application to set aside the arbitral award has expired, or such application having been made, it has been refused. Date of payment: The date of payment of the decretal amount is also flecked with additional concerns. ECGC Ltd. Civil Appeal No. In these scenarios, the executing court would be bound to follow such a date.
In absence of such ideal situations, the courts have determined the following dates as the relevant dates for conversion: Relevant date of conversion for enforcement of foreign awards Under the pre-Arbitration Act regime For enforcing awards under the erstwhile Foreign Awards Recognition and Enforcement Act, , on being satisfied that the foreign award is enforceable, the award was required to be filed for pronouncement of a judgement according to the award, which would be followed by a decree.
The date of such decree would be the relevant date for considering the forex rate. Under the Arbitration Act Under the extant Arbitration Act, the effective date for considering the exchange rate is the date of rejection of objections to the enforcement of the foreign award, or when all the remedies including appeals, revision petitions, etc.
Relevant date of conversion for enforcement of domestic awards Under the pre-Arbitration Act regime For enforcing awards under the erstwhile Arbitration and Conciliation Act , a suit was required to be filed for obtaining a decree for enforcement of the award. The date of the resultant decree passed in terms of the award, would govern the rate of exchange adopted for conversion. Thus, the date of conversion would be the date when the award attained finality. Under the Arbitration Act Awards rendered in India would be enforced after refusal of applications for challenging the award 11 Arbitration and Conciliation Act , s They had been stashed on his laptop.
It all puts authorities in an unusual position, given their concerns about the way in which bitcoins and other digital currencies are used by criminals to circumvent regulations intended to prevent money laundering. By trading in bitcoins, the government could give the currency some legitimacy. Bitcoin is essentially software code that defines units of value, which users can move back and forth among themselves. The U. Marshals Service, which is in charge of liquidating such seized assets, will have to decide whether to sell the units on a Bitcoin exchange or find a private buyer, perhaps through an auction.
A spokeswoman for Preet Bharara, the U. The timing of any sale could make a big difference in the amount the government could realize. It is unclear whether a large sale of bitcoins by the government could drive down the price. A low part of the market?

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