PART 4Administration of sequestration

Claims in foreign currency

21.  A creditor may state the amount of that creditor’s claim in a foreign currency for the purposes of section 46(6) or 125(1) of the Act—

(a)where the claim is constituted by decree or other order made by a court ordering the debtor to pay to the creditor a sum expressed in a foreign currency; or

(b)where the claim is not so constituted, it arises from a contract or bill of exchange in terms of which payment is or may be required to be made by the debtor to the creditor in a foreign currency(1).

(1)

This regulation re-enacts, with modifications, regulation 10 of the 2014 Regulations.