Hong Kong Ordinances

INTRODUCTION OF THE EURO ORDINANCE - SECT 4

Continuity of obligations

Unless it is otherwise expressly agreed or provided-

   (a)  in respect of a legal obligation; and

   (b)  by reference to the introduction of the Euro, then it is hereby
        declared that-

        (i)    the introduction of the Euro and the changes consequential upon
               it;

        (ii)   the application of the law of currency (lex monetae principle)
               on or after the introduction of the Euro; or

        (iii)  the provisions of this Ordinance, shall not have the effect of-
               (A) discharging or excusing any performance required under the
               obligation; or (B) giving any obligor or obligee under the
               obligation the right to alter or terminate the obligation
               unilaterally.