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2 results

  • 13 - The Enforcement of Extraterritorial Sanctions

  • from Part III - Secondary Sanctions and International Economic Law
  • Edited by Tom Ruys, Ghent University, Cedric Ryngaert, Utrecht University, Felipe Rodríguez Silvestre, Ghent University
  • Book:
    The Cambridge Handbook of Secondary Sanctions and International Law
    Published online:
    14 December 2024
    Print publication:
    12 December 2024, pp 287-304

  • Summary

    The chapter assesses whether the enforcement of extraterritorial sanctions through asset freezes is consistent with customary and treaty rules of international monetary law. After defining key concepts and describing the main characteristics of asset freezes, a definition of such measures through the lenses of international monetary law is provided. The research then moves, first, to discuss whether the imposition of asset freezes to enforce extraterritorial sanctions regimes can be deemed an exercise of internal or external monetary sovereignty and, second, whether unilateral (extraterritorial) sanctions can be considered to amount to exchange restrictions legitimately introduced for security reasons for the purposes of the Articles of Agreement of the International Monetary Fund (IMF). The chapter concludes with a critical assessment of the IMF legal regime on unilateral (extraterritorial) sanctions.

  • Certain Iranian Assets (Iran v. United States)

  • Part of
  • Annamaria Viterbo
  • Journal:
    American Journal of International Law / Volume 118 / Issue 1 / January 2024
    Published online by Cambridge University Press:
    29 January 2024, pp. 145-153
    Print publication:
    January 2024
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