(a) With respect to a foreign-money claim, recovery of prejudgment interest and the rate of interest to be applied in the case are matters of the substantive law governing the right to recovery under the conflict of laws rules of this state.
(b) Notwithstanding subsection (a) of this section, an increase or decrease in calculated prejudgment interest may be made in a foreign-money claim to the extent required by the law of this state applicable in an action or distribution proceeding for United States dollars, if there is a failure to make or accept an offer of settlement, an offer of judgment, or conduct by a party or its attorney causing undue delay or expense.
(c) A judgment shall bear interest at the rate applicable for a judgment under the law of this state.
(P.A. 89-134, S. 9; P.A. 07-217, S. 185.)
History: P.A. 07-217 made a technical change in Subsec. (b), effective July 12, 2007.
Structure Connecticut General Statutes
Chapter 861a - Uniform Foreign-Money Claims Act
Section 50a-50. - Short title: Uniform Foreign-Money Claims Act.
Section 50a-51. - Definitions.
Section 50a-52. - Applicability.
Section 50a-53. - Variation by agreement.
Section 50a-54. - Determination of proper money of claim.
Section 50a-55. - Determination of amount of payment of certain contract claims.
Section 50a-56. - Foreign-money claim; assertion, defense.
Section 50a-57. - Judgments on foreign-money claims. Form.
Section 50a-58. - Conversion of foreign money in distribution proceeding.
Section 50a-59. - Prejudgment and judgment interest.
Section 50a-60. - Enforcement of foreign judgments.
Section 50a-61. - Determination of United States dollar amount for limited purpose.
Section 50a-62. - Effect of currency revalorizations.
Section 50a-63. - Effect of certain agreements.