Losing Control: Why IMF Article VIII(2)(b) May Nullify the Enforceability of Financing Contracts When Spiraling Oil Prices Prompt the Use of Exchange Controls

Authors

David Litvack

Keywords

International Monetary Fund, IMF, International Monetary Fund Articles of Agreement, IMF Articles of Agreement, IMF Article VIII(2)(b), International Monetary Fund Article VIII(2)(b), Financing Contracts, Oil Prices, Oil Price Increase, Exchange Controls, Exchange Control Regulations, Exchange Contracts, Exchange Contract, International Exchange Contracts, Monetary Policy, Currency Exchange Contracts, Mortgage, Mortgage alternatives, Muslim, Islamic, Islam, Right of redemption, Redemption, Equity of redemption, Equity, Mortgagee, Mortgagor, Home Ownership, Alternative Lending Methods, United Bank of Kuwait (UBK), Net lease agreement, net lease, Purchase Agreement, Net lease, equitable mortgage, Foreclosure, Clog, Deed, default, United Bank of Kuwait, UBK, national banking act or Bank Act, business of banking, murabaha, islamic mortgage alternatives, lendor, ijara wa-iqtina, obstacle

Recommended Citation

David Litvack, Losing Control: Why IMF Article VIII(2)(b) May Nullify the Enforceability of Financing Contracts When Spiraling Oil Prices Prompt the Use of Exchange Controls, 13 Fordham J. Corp. & Fin. L. 805 (2008).
Available at: https://ir.lawnet.fordham.edu/jcfl/vol13/iss5/2