This installment of the survey of litigation involving the Fund's Articles discusses four cases decided in England, France, the Federal Republic of Germany, and the State of New York in which the issues were related to the exchange control regulations of a member of the Fund other than the...

L'article VIII, section 2 b) a été évoqué devant les plus hautes juridictions de trois pays. La Cour d'Appel de l'Etat de New York a décidé que l'effet de certaines règles cubaines de contrôle des changes ne constituait pas la "prise d'un bien", et qu'il convenait donc d'autant plus...

Some important decisions on the effect of the Fund's Articles of Agreement on the recognition of the exchange controls of other members have been taken recently by courts in France, England, and the State of New York. In France it has been decided that damages in delict can be granted in respect...

Three cases are discussed that raise or suggest some of the problems that the decline of the par value system has created or may create in the drafting or interpretation of agreements. Both the Federal Maritime Commission of the United States and a court in New York have decided that the...

Deux tribunaux allemands ont eu à connaître des "contrats de change" visés à l'article VIII, section 2, paragraphe b) des Statuts du Fonds; dans un de ces cas, la Cour Suprême a donné à cette conception une interprétation extensive à certains égards. Dans l'autre, cependant, la...

The first part of this article discusses cases in which the "SDR solution" has been adopted or advocated when the problem is the application of a unit of account, such as the Poincaré or Germinal franc, that is defined in terms of gold. Limitations on liability have been expressed in these...

The name "special drawing right" (SDR) was given to the new reserve asset allocated by the Fund as a compromise with some negotiators, mainly French, who wished to emphasize at the time that it was more in the nature of credit. The name has been criticized as being dull and unrevealing. The...