3 July 2012
Contingency planning around the Eurozone crisis inevitably turns to the possibility of exchange controls, whether in the context of a default by a Eurozone member state or a departure from the Eurozone. What are exchange controls and how will they affect a party's ability to enforce its contractual rights? In this briefing, we consider the legal framework surrounding exchange controls, what agreements they could affect, and how.
The Eurozone crisis and exchange controls