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Part IV Exchange Controls, Exchange Rates, and Sanctions, 16 The Private International Law of Exchange Control

Charles Proctor, Dr Caroline Kleiner, Dr Florian Mohs

From: Mann on the Legal Aspect of Money (7th Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 01 February 2023

Enforcement — Exchange control — Money and the conflict of laws — Money laundering — Exchange Rates
16.01 Chapter 15 considered the special consequences of Article VIII(2)(b) of the Articles of Agreement of the International Monetary Fund (IMF) in proceedings before domestic courts. That single provision is at once both very important and yet in many respects relatively insignificant. Important, because the application of that provision constitutes an international obligation of the member States of the Fund; relatively insignificant because—however one chooses to interpret the provision—it is of an essentially limited scope. 16.02 The difficulties which...
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