Minnesota Court Affirms Conversion Of Foreign Judgment Into U.S. Dollars
(August 11, 2015, 12:24 PM EDT) -- ST. PAUL, Minn. — A Minnesota appeals court on Aug. 10 affirmed a trial court's decision to convert an arbitration award from Israeli New Shekels to $4,082,254, finding that the conversion was required by Minnesota law (AVR Communications Ltd., et al. v. American Hearing Systems Inc., doing business as Interton Inc., No. 14-1808, Minn. App.; 2015 Minn. App. LEXIS 61).
(Opinion available. Document #05-150825-021Z.)
AVR Communications Inc., an Israeli corporation that develops hearing aid technology, and Sonovation Inc., a U.S. subsidiary of AVR, filed a petition...