Our articles are written by experts in their field and include individual barristers, solicitors, academics, judges, and leading firms in relevant areas of practice. JIBFL offers authoritative insights into global banking and financial law, providing essential updates for legal practitioners and policymakers. Covering key topics like lending, security interests, derivatives, debt capital markets, banking and finance related disputes, crypto, FinTech and financial regulation, JIBFL serves as a trusted resource for navigating complex legal challenges and staying informed in the financial sector. If you would like to contribute, please email Amanda.Cohen2@lexisnexis.com.
Russia and Ukraine: the end of Article VIII 2b?
© Copyright LexisNexis 2024. All rights reserved.
Bad wars expose the weaknesses in the international framework of law. The attack by Russia on Ukraine is no exception to this proposition in an area of law often considered to be obscure but of very significant consequences. This is Article VIII 2b of the IMF agreement which allows a member’s exchange controls unilaterally to override its contracts in certain cases. This Article is considered a blot on the otherwise pure parchment of the IMF Agreement and should be removed.
If you are already a User, sign in
Or you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Alternatively you can subscribe here to read unlimited content.
