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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69272</law_id><section_number>8.01-465.22</section_number><catch_line>Prejudgment and judgment interest</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.01-465.20</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.01">Civil Remedies and Procedure</unit><unit label="chapter" level="2" order_by="1" identifier="17.3">Uniform Foreign-Money Claims Act</unit></structure><text>
						<section><p>With respect to a <span class="dictionary">foreign-money claim</span>, recovery of prejudgment or preaward interest and the rate of interest to be applied in the <span class="dictionary">action</span> or <span class="dictionary">distribution proceeding</span> are matters of the substantive <span class="dictionary">law</span> governing the right to recovery under the conflict-of-<span class="dictionary">laws</span> rules of the Commonwealth.
		However, the <span class="dictionary">court</span> or arbitrator shall increase or decrease the amount of prejudgment or preaward interest otherwise payable in a <span class="dictionary">judgment</span> or award in <span class="dictionary">foreign money</span> to the extent required by the <span class="dictionary">law</span> of the Commonwealth.
		A <span class="dictionary">judgment</span> or award on a <span class="dictionary">foreign-money claim</span> bears interest at the rate applicable to <span class="dictionary">judgments</span> of the Commonwealth.</p></section></text><history>1991, c. 24.</history><metadata></metadata></law>
